Thailand

Description of Thailand

Thailand, often referred to as the "Land of Smiles", is a country in Southeast Asia known for its rich cultural heritage, stunning landscapes, and bustling cities. As one of the region's economic powerhouses, Thailand has experienced significant growth and development in recent decades, becoming a major player in the global market. With a diverse economy that includes agriculture, manufacturing, tourism, and technology sectors, Thailand continues to attract investors and visitors from around the world. This website delves into the macroeconomic aspects and geopolitical dynamics shaping Thailand's trajectory on the world stage.

Population And Age Structure

Population, total: Thailand's population of 71,475,664 is above the average of 40,097,746.58, ranking 20th out of 194 countries.

Population ages 0-14 (% of total population): Thailand's percentage of population aged 0-14 at 16.07% is below the average of 27.34%, ranking 158th out of 194 countries.

Population ages 0-14, total: Thailand's total population aged 0-14 at 11,483,263 is above the average of 10,327,379.98, ranking 35th out of 194 countries.

Population ages 15-64 (% of total population): Thailand's percentage of population aged 15-64 at 70.08% is above the average of 63.44%, ranking 20th out of 194 countries.

Population ages 15-64, total: Thailand's total population aged 15-64 at 50,092,759 is above the average of 26,003,407.49, ranking 19th out of 194 countries.

Population ages 65 and above (% of total population): Thailand's percentage of population aged 65 and above at 13.85% is above the average of 9.22%, ranking 55th out of 194 countries.

Population ages 65 and above, total: Thailand's total population aged 65 and above at 9,899,641 is above the average of 3,766,959.08, ranking 13th out of 194 countries.

Summary

Thailand has a total population higher than the global average, with a significant portion aged 15-64 years, ranking above average in this age group. However, the percentage of the population aged 0-14 is below average. The country also has a higher percentage and total number of people aged 65 and above compared to the global average. These demographic indicators are crucial for policymakers as they influence workforce dynamics, healthcare needs, and social welfare programs in the country.

Population Miscellaneous

- Thailand has a Rural population of 34,715,730, ranking 17th out of 190 countries. This is significantly higher than the average Rural population of 18,044,041.
- The Rural population (% of total population) in Thailand is 48.57%, ranking 67th out of 190 countries. This percentage is above the average of 41.16%.
- With an Urban population of 36,759,934, Thailand is ranked 26th out of 194 countries. The Urban population is notably higher than the average of 22,425,747.
- Thailand's Urban population (% of total population) is 51.43%, ranking 128th out of 194 countries, below the average of 59.69%.
- The Age dependency ratio (% of working-age population) in Thailand is 42.69%, placing it 175th out of 194 countries. This ratio is under the average of 59.22%.
- Thailand's Birth rate, crude, at 9.182 per 1,000 people, is below the average of 19.384, ranking 172nd out of 192 countries.
- With a Death rate, crude, of 7.264 per 1,000 people, Thailand ranks 109th out of 192 countries. This rate is lower than the average of 8.21.
- Thailand's Fertility rate, total (births per woman) is 1.341, ranking 178th out of 190 countries. This rate is notably below the average of 2.60.

Summary

Thailand has a predominantly rural population, with 48.57% living in rural areas and 51.43% in urban areas. The country has a low age dependency ratio of 42.69%, indicating a relatively smaller burden on the working-age population. Thailand also exhibits low birth and fertility rates, suggesting potential challenges in sustaining population growth and a need for policies to address demographic trends. These statistics are crucial for policymakers in planning healthcare, social welfare, and economic development strategies to cater to the needs of a shifting demographic landscape.

Military

Analysis of key military attributes in relation to Thailand:

Summary

Thailand maintains a significant military force with a moderate level of military expenditure compared to other countries. Despite ranking 26th in total military expenditure, Thailand spends below the global average. The country's armed forces personnel number above the average, reflecting a relatively large military presence.

These findings are important as they provide insight into Thailand's prioritization of military capabilities within its national budget. The country's military posture, though substantial in personnel numbers, demonstrates a balanced approach in expenditure relative to its GDP and compared to global averages. Understanding these statistics is crucial for assessing Thailand's defense strategy and its role in regional security dynamics.

Natural Resources

Analysis of Key Attributes for Thailand:

1. Forest Area (sq. km): Thailand's forest area of 198,730 sq. km is below the average of 211,606. Thailand ranks 31st out of 191 countries in this dataset.

2. Land Area (sq. km): Thailand's land area of 510,890 sq. km is below the average of 665,166 sq. km. Thailand ranks 49th out of 194 countries.

3. Surface Area (sq. km): Thailand's surface area of 513,120 sq. km is below the average of 689,780 sq. km. Thailand ranks 51st out of 194 countries.

4. Arable Land (hectares): Thailand's arable land of 16,971,899.7 hectares is above the average of 7,329,543.1 hectares. Thailand ranks 19th out of 190 countries.

5. Land Under Cereal Production (hectares): Thailand's land under cereal production of 12,350,498 hectares is significantly above the average of 4,206,011.6 hectares. Thailand ranks 14th out of 174 countries.

6. Average Precipitation in Depth (mm per year): Thailand's average precipitation of 1622 mm per year is above the average of 1157.8 mm per year. Thailand ranks 49th out of 178 countries.

7. Renewable Internal Freshwater Resources, Total (billion cubic meters): Thailand's renewable internal freshwater resources of 224.51 billion cubic meters is below the average of 240.41 billion cubic meters. Thailand ranks 31st out of 178 countries.

Summary

Thailand exhibits a mix of statistics in key attributes including forest area, land area, arable land, cereal production, precipitation, and freshwater resources. While Thailand ranks relatively lower in forest area, land area, and freshwater resources compared to the global average, it excels in arable land and land under cereal production. These indicators are crucial as they provide insights into Thailand's environmental sustainability, agricultural potential, and water resource management, thereby impacting the country's economic development and food security.

Resource Rents

Total natural resources rents (% of GDP): Thailand's value is 1.11%, which is below the attribute average of 4.63%. This places Thailand at rank 100 out of 175 countries in the dataset.

Coal rents (% of GDP): Thailand's value is 0.02%, significantly below the attribute average of 0.40%. Thailand ranks 38 out of 65 countries in this category.

Forest rents (% of GDP): Thailand's value is 0.38%, lower than the attribute average of 1.53%. Thailand ranks 75 out of 174 countries included.

Oil rents (% of GDP): Thailand's value stands at 0.17%, below the attribute average of 2.51%. Thailand is ranked 58 out of 117 countries in this aspect.

Natural gas rents (% of GDP): Thailand's value is 0.54%, lower than the attribute average of 1.25%. Thailand holds the 30th position out of 96 countries in this dataset.

Summary

In analyzing key macroeconomic indicators for Thailand, it is evident that the country's natural resources rents, including coal, forest, oil, and natural gas rents, are all below the global average percentages for these attributes. Despite having some abundant natural resources, Thailand's utilization and monetization of these resources appear to be relatively low compared to other countries in the dataset.

This is important as it indicates a potential opportunity for Thailand to enhance its economic development by optimizing the extraction and utilization of its natural resources to contribute more significantly to its GDP. By improving resource management strategies and leveraging these resources more effectively, Thailand could potentially boost its economic performance and competitiveness on the global stage.

Commodities

Thailand's Cereal production stands at 37,223,391.17 metric tons, exceeding the attribute average of 17,249,945.93 metric tons. Thailand ranks 15th out of 174 countries in this category.

Thailand's Aquaculture production reaches 1,012,650 metric tons, surpassing the attribute average of 679,642.92 metric tons. Thailand holds the 12th rank out of 180 countries in this aspect.

In Capture fisheries production, Thailand achieves 1,588,859.33 metric tons, significantly higher than the attribute average of 467,453.06 metric tons. Thailand ranks 14th out of 190 countries for this statistic.

Thailand's Total fisheries production amounts to 2,601,509.33 metric tons, well above the attribute average of 1,153,914.85 metric tons. Thailand holds the 15th position out of 182 countries in this category.

For Fertilizer consumption, Thailand utilizes 135.30 kilograms per hectare of arable land, which is below the attribute average of 159.04 kilograms. Thailand ranks 71st out of 187 countries for this metric.

Summary

Thailand demonstrates strong agricultural capabilities, boasting above-average production levels in cereals, aquaculture, and fisheries. However, in terms of fertilizer consumption, Thailand falls below the global average. This indicates potential inefficiencies in agricultural practices which could hinder further growth and productivity in the long run.

Intellectual Property

Thailand's industrial design applications by nonresident entities stand at 1573, which is above the average of 1415.83. Thailand ranks 20th out of 112 countries in this category.

For industrial design applications by resident entities, Thailand's value of 4245 is below the average of 9799.58. The country ranks 15th out of 113 countries.

Thailand's patent applications by nonresidents are at 6662, slightly above the average of 6538.40. The country ranks 16th out of 129 countries.

On the other hand, Thailand's patent applications by residents are significantly lower at 863, compared to the average of 19037.56. Thailand ranks 36th out of 117 countries in this aspect.

Thailand excels in trademark applications by nonresidents with a value of 30311, well above the average of 15878.93. The country ranks 19th out of 130 countries.

Trademark applications by resident entities in Thailand are at 33165, a figure significantly below the average of 111055.78. Thailand ranks 25th out of 129 countries in this metric.

In scientific and technical journal articles, Thailand's value of 13963.09 is slightly below the average of 15103.76, placing the country 32nd out of 192.

Thailand's charges for the use of intellectual property payments amount to 4503700128.34, significantly surpassing the average of 3218843494.39. The country ranks 18th out of 143 nations.

Conversely, Thailand's charges for the use of intellectual property receipts are notably lower at 225348106.86, compared to the average of 3191687117.58. Thailand ranks 36th out of 122 countries in this regard.

Thailand's number of researchers in R&D per million people stands at 2023.83, below the average of 2556.45. The country ranks 34th out of 72 nations.

Summary

Thailand demonstrates strengths in industrial design applications by nonresident entities and trademark applications by nonresidents, outperforming the global averages and ranking relatively well internationally. However, the country lags behind in patent applications by residents and researchers in R&D per million people, indicating potential areas for improvement in fostering domestic innovation and research capabilities. These indicators are crucial as they reflect Thailand's attractiveness for foreign intellectual property investment and highlight the need for further development of indigenous research and innovation ecosystems to enhance long-term economic growth and competitiveness.

Broad Economy Attributes

Thailand's GDP (current US$) is $500.46 billion, surpassing the average GDP of $442.87 billion. The country is ranked 24th out of 189 countries in this data set.

Thailand's GDP, PPP (current international $) stands at $1.27 trillion, significantly higher than the average GDP of $734.14 billion. Thailand ranks 22nd out of 181 countries for this attribute.

Thailand's GDP per capita (current US$) is $7001.79, below the average of $15462.11. The country is ranked 84th out of 190 countries in terms of GDP per capita.

Thailand's GDP per capita, PPP (current international $) is $17810.25, lower than the average of $21251.89. The country ranks 69th out of 181 countries for this attribute.

Thailand's GNI (current US$) is $489.48 billion, slightly below the average of $452.04 billion. The country holds the 24th rank out of 185 countries in this category.

Thailand's GNI, PPP (current international $) is $1.25 trillion, exceeding the average of $730.70 billion. Thailand is ranked 22nd out of 181 countries for this attribute.

Thailand's GNI per capita, PPP (current international $) is $17420, lower than the average of $20615.75. The country ranks 69th out of 181 countries in this aspect.

Summary

Thailand's GDP and GNI figures, both in current US$ and PPP terms, position the country above average globally, ranking 24th and 22nd respectively in the dataset. However, Thailand's GDP per capita and GNI per capita, especially in PPP terms, are below the global average, ranking 84th and 69th respectively. These statistics are crucial as they provide insights into Thailand's economic performance, its citizens' purchasing power, and its standing in the global economic landscape.

Broad Value Added

Thailand's Agriculture, forestry, and fishing sector contributes 8.70% to its GDP, which is below the average of 10.86%. The country ranks 80 out of 182 countries in this category.

Thailand's Agriculture, forestry, and fishing sector's current value in USD is $43,553,628,236.61, significantly higher than the average of $19,924,732,828.07. Thailand ranks 13 out of 182 countries in this category.

The Services sector contributes 58.01% to Thailand's GDP, slightly above the average of 56.72%. Thailand ranks 77 out of 183 countries in this category.

Thailand's Services sector's current value in USD is $290,308,171,878.71, just below the average of $295,837,711,130.69. The country ranks 25 out of 183 countries in this category.

The Industry (including construction) sector's current value in USD for Thailand is $166,595,464,840.45, higher than the average of $118,421,095,413.50. Thailand is ranked 21 out of 183 countries in this category.

Summary

In summary, Thailand's Agriculture, forestry, and fishing sector contributes a lower percentage to its GDP compared to the global average, but its sector's current value in USD is significantly higher, ranking the country 13th globally. The Services sector in Thailand contributes slightly more to the GDP than the average, but its current value falls just below the global average, ranking the country 25th. The Industry sector's current value in USD is higher than the average, placing Thailand at 21st globally.

These findings are crucial as they highlight Thailand's strengths and weaknesses in key economic sectors compared to the global average. Understanding these differences can help policymakers make informed decisions to further develop and balance the economy for sustainable growth.

Manufacturing Value Added

Thailand has a Manufacturing, value added (current US$) of $127.89 billion, which is significantly higher than the average of $76.21 billion. This places Thailand at rank 19 out of 173 countries in terms of manufacturing value added.

Thailand's Manufacturing, value added (% of GDP) stands at 25.55%, well above the average of 11.90%. This positions Thailand at rank 6 out of 173 countries for this metric.

In terms of Medium and high-tech manufacturing value added (% manufacturing value added), Thailand's value of 41.36% is notably higher than the average of 24.49%. This places Thailand at rank 28 out of 149 countries in this category.

Summary

Thailand excels in manufacturing, with manufacturing value added and its percentage of GDP both significantly surpassing global averages, ranking the country 19th and 6th, respectively, out of a large group of nations. Additionally, Thailand's high percentage of medium and high-tech manufacturing value added showcases the country's strength and competitiveness in more advanced sectors, placing it at the 28th position globally.

These strong performances in key macroeconomic indicators indicate Thailand's robust industrial sector, which not only contributes significantly to its GDP but also demonstrates the country's capability to compete in higher value-added manufacturing processes. This highlights Thailand as a key player in the global manufacturing landscape, attracting investment and driving economic growth.

Money

Thailand's consumer price inflation rate is -0.85%, significantly below the average of 8.26%. This places Thailand at rank 154 out of 165 countries in the dataset for this attribute.

The GDP deflator inflation in Thailand is -1.28%, also below the average of 6.90%. Thailand ranks 159 out of 188 countries in this dataset.

In terms of broad money growth, Thailand has a rate of 10.16%, lower than the average of 18.03%. This positions Thailand at rank 93 out of 139 countries.

Thailand's broad money as a percentage of GDP is 146.59%, which is above the average of 71.75%. Thailand is ranked 8 out of 139 countries for this metric.

Regarding the broad money to total reserves ratio, Thailand's ratio is 2.84, below the average of 5.17. Thailand ranks 60 out of 126 countries in this aspect.

Summary

Thailand's macroeconomic indicators reveal a mixed performance: with below-average consumer price inflation and GDP deflator inflation rates, moderate broad money growth, high broad money as a percentage of GDP, but a lower ratio of broad money to total reserves when compared to global averages. These statistics are crucial as they indicate that while Thailand is experiencing mild inflation and steady broad money growth, the country may need to monitor its money reserves closely to ensure financial stability in the long run.

Consumption Expenditure

Thailand's final consumption expenditure in current US dollars stands at 354,545,789,495.53, below the average of 381,630,252,515.38. This places Thailand at rank 24 out of 159 countries in the dataset.

Final consumption expenditure as a percentage of GDP for Thailand is 70.84%, which is under the average of 82.37%. Thailand ranks 127 out of 159 countries in this aspect.

Thailand's general government final consumption expenditure is 89,062,859,447.66, lower than the average of 93,676,578,238.03. The country holds the 27th position out of 158 countries.

The general government final consumption expenditure as a percentage of GDP in Thailand is 17.80%, slightly below the average of 18.71%. Thailand ranks 76th out of 158 countries in this category.

Thailand's household and NPISHs final consumption expenditure in current US dollars is 265,482,930,047.87, falling short of the average of 290,127,571,157.69. Thailand ranks 24 out of 158 countries in this area.

For households and NPISHs final consumption expenditure as a percentage of GDP, Thailand stands at 53.05%, below the average of 63.68%. The country is positioned at rank 114 out of 158 countries.

Summary

Thailand's final consumption expenditure, general government final consumption expenditure, and household/NPISHs final consumption expenditure all fall below global averages in both absolute terms and as a percentage of GDP. This indicates that there may be room for increased domestic spending to drive economic growth and development. Improving these consumption metrics could potentially boost economic activity, increase demand for goods and services, and enhance overall welfare and standard of living for the population.

Equities

1. Listed domestic companies, total: Thailand has 743 listed domestic companies, which is above the average of 636.625. This ranks Thailand 12th out of 72 countries in the dataset.

2. Stocks traded, total value (current US$): Thailand's total stock value traded is $481.3 billion, significantly below the average of $1.38 trillion. This places Thailand 14th out of 71 countries in the dataset.

3. Stocks traded, total value (% of GDP): Thailand's stock value traded is 96.17% of its GDP, well above the average of 31.65%. This ranks Thailand 8th out of 71 countries in the dataset.

4. Market capitalization of listed domestic companies (current US$): Thailand's market capitalization is $543.16 billion, below the average of $1.2 trillion, placing Thailand 17th out of 73 countries.

5. Market capitalization of listed domestic companies (% of GDP): Thailand's market capitalization is 108.53% of GDP, higher than the average of 71.24%. Thailand ranks 14th out of 73 countries.

6. S&P Global Equity Indices (annual % change): Thailand's S&P Global Equity Index shows a decrease of 9.27%, below the average increase of 2.06%. This places Thailand 59th out of 79 countries in the dataset.

Summary

Thailand ranks above average in the number of listed domestic companies and in the total value of stocks traded relative to its GDP. However, it falls below average in the total value of stocks traded and market capitalization of listed domestic companies when compared to other countries in the dataset. The country also shows a negative S&P Global Equity Index change, indicating a decline in equity performance compared to the average increase. These indicators are important as they reflect Thailand's standing in the global market, its attractiveness to investors, and its economic health in relation to other nations.

Investment

Thailand's foreign direct investment, net (BoP, current US$) is $23.54 billion, ranking 5th out of 169 countries. This value significantly exceeds the attribute average ($-1.61 billion).

Thailand's foreign direct investment, net inflows (BoP, current US$) stands at approximately -$4.95 billion, ranking 176th out of 182 countries. This value is notably below the attribute average ($5.75 billion).

Thailand's foreign direct investment, net inflows (% of GDP) is -0.99%, placing it at 162nd out of 178 countries. This percentage is lower than the attribute average of 2.61%.

Thailand's foreign direct investment, net outflows (BoP, current US$) amount to $18.60 billion, ranking 14th out of 156 countries. This value is higher than the attribute average ($5.71 billion).

Thailand's foreign direct investment, net outflows (% of GDP) is 3.72%, ranking 11th out of 155 countries. This percentage exceeds the attribute average of 1.00%.

Thailand's portfolio investment, net (BoP, current US$) is $11.95 billion, ranking 18th out of 159 countries. This value is considerably above the attribute average of $0.68 billion.

Thailand's portfolio investment in bonds (PPG + PNG) (NFL, current US$) is approximately -$2.44 billion, ranking 57th out of 59 countries. This value is below the attribute average of $4.13 billion.

Thailand's portfolio equity, net inflows (BoP, current US$) amount to approximately -$7.87 billion, ranking 118th out of 125 countries. This value is lower than the attribute average ($9.20 billion).

Summary

Thailand displays a strong performance in foreign direct investment with a net inflow of $23.54 billion, ranking 5th globally, but lags in net inflows at -$4.95 billion, positioning 176th. The country has high net outflows of $18.60 billion, ranking 14th, and a notable 3.72% of GDP. Moreover, Thailand excels in portfolio investment netting $11.95 billion.

These indicators are crucial as they highlight Thailand's attractiveness to foreign investors, with significant outflows indicating its growing presence in global investments. However, the negative net inflows suggest areas for improvement to attract more capital into the country for sustainable economic growth and development.

Debt

- Thailand's total debt service as a percentage of GNI is 4.61%, which is below the average of 5.98%. Thailand is ranked 53 out of 120 countries in this aspect.
- The public and publicly guaranteed debt service as a percentage of GNI in Thailand is 1.40%, lower than the average of 2.84%. Thailand ranks 80 out of 120 countries.
- Thailand's external debt stocks as a percentage of GNI stand at 40.29%, which is below the average of 65.42%. The country is ranked 76 out of 120 nations.
- Thailand's debt service on external debt, total in current US dollars is $22,587,360,267.70, significantly above the average of $9,811,195,839.23. It ranks 11 out of 123 countries.
- The debt service on external debt, public and publicly guaranteed in Thailand amounts to $6,848,496,535.60, much higher than the average of $3,310,612,057.60. Thailand is ranked 15 out of 123 countries.
- Thailand's external debt stocks, public and publicly guaranteed in current US dollars are $36,127,189,918.20, above the average of $28,695,879,144.98. It ranks 23 out of 123 countries.
- The external debt stocks in private nonguaranteed sectors in Thailand amount to $84,895,174,500, significantly exceeding the average of $33,734,699,285.22. Thailand is ranked 9 out of 91 countries.
- Thailand's total external debt stocks in current US dollars reach $197,233,644,941.70, way higher than the average of $73,845,530,111.82. It ranks 9 out of 123 countries in this aspect.

Summary

Thailand appears to have relatively low levels of debt service and external debt compared to the global averages and rankings. The country's debt service on external debt is notably higher than average, indicating a significant financial obligation. These statistics are crucial for assessing Thailand's financial stability, creditworthiness, and ability to manage its debt burden in the long term.

Broad Trade Attributes

Thailand's Trade (% of GDP) stands at 97.80%, exceeding the attribute average of 82.34%. Thailand ranks 39th out of 163 countries in this statistic.

For Merchandise trade (% of GDP), Thailand's value is 87.48%, considerably higher than the average of 60.01%. Thailand ranks 29th out of 186 countries.

Thailand's Trade in services (% of GDP) is 15.28%, below the average of 24.63%. This places Thailand at the 86th rank out of 171 countries.

The External balance on goods and services (current US$) for Thailand is $25,974,291,991.87, significantly higher than the average of $3,405,509,011.13. Thailand ranks 13th out of 163 countries.

Thailand's External balance on goods and services (% of GDP) is 5.19%, surpassing the average of -5.97%. Thailand holds the 24th ranking out of 163 countries in this metric.

Summary

Thailand demonstrates a robust trade performance, with Trade (% of GDP) and Merchandise trade (% of GDP) both surpassing global averages and securing respectable rankings internationally. However, the country lags behind in Trade in services (% of GDP), indicating potential for growth in the services sector. The External balance on goods and services highlights Thailand's strong position in global trade, with a substantial surplus compared to the average, underscoring the country's economic competitiveness and financial stability.

Net Trade

Thailand's current account balance in BoP, current US$ is significantly above the attribute average, ranking 15th out of 170 countries. This indicates a strong surplus in international trade.

The current account balance as a percentage of GDP for Thailand is also notably above average, ranking 31st out of 170 countries. This suggests a healthy level of exports and imports relative to the size of the economy.

Thailand's net trade in goods and services in BoP, current US$ is higher than the attribute average, placing the country at the 13th position out of 171 countries. This signifies a robust trade balance in terms of goods and services.

Thailand's net primary income in BoP, current US$ is below the average and ranks 153rd out of 170 countries. This suggests that the country is paying out more income to foreign entities than it is receiving.

Thailand's net secondary income in BoP, current US$ is significantly higher than the attribute average, ranking 18th out of 170 countries. This indicates a notable inflow of secondary income.

Thailand's net trade in goods in BoP, current US$ is well above the average and ranks 11th out of 171 countries. This shows a substantial surplus in trade of goods.

Thailand's net capital account in BoP, current US$ is below the average, ranking 84th out of 159 countries. This suggests that the country is experiencing a deficit in its capital transactions.

Thailand's net financial account in BoP, current US$ is significantly above the average, ranking 12th out of 170 countries. This indicates strong financial inflows and outflows for the country.

Summary

Thailand exhibits a strong surplus in international trade with its current account balance, net trade in goods and services, and net trade in goods all ranking significantly above average globally. However, the country faces challenges in terms of its net primary income, suggesting it is paying out more to foreign entities. The robust performance in the financial account indicates strong inflows and outflows, potentially supporting the country's economic growth and stability.

These indicators are crucial as they highlight Thailand's position in the global economy, showcasing its ability to generate trade surpluses and attract financial inflows. The challenges in primary income underscore the need for strategies to address the outflow of income. Overall, the country's strong trade balances and financial performance can contribute to its economic resilience and attractiveness to foreign investors.

Broad Export Attributes

- Exports of goods, services and primary income (BoP, current US$): Thailand's value of $270.15 billion is above the average of $146.24 billion, ranking 24th out of 170 countries.

- Exports of goods and services (BoP, current US$): Thailand's value of $257.98 billion is above the average of $122.94 billion, ranking 22nd out of 170 countries.

- Exports of goods and services (current US$): Thailand's value of $257.71 billion is above the average of $129.60 billion, ranking 23rd out of 163 countries.

- Exports of goods and services (% of GDP): Thailand's value of 51.49% is above the average of 38.19%, ranking 34th out of 163 countries.

- Goods exports (BoP, current US$): Thailand's value of $226.98 billion is above the average of $93.31 billion, ranking 22nd out of 171 countries.

- International tourism, receipts (% of total exports): Thailand's value of 5.95% is below the average of 9.74%, ranking 47th out of 120 countries.

- ICT goods exports (% of total goods exports): Thailand's value of 16.12% is significantly above the average of 3.81%, ranking 10th out of 142 countries.

Summary

Thailand performs exceptionally well in terms of exports, consistently ranking above average globally in various export categories such as goods, services, and primary income. Particularly noteworthy is Thailand's high ranking in ICT goods exports, indicating a strong presence in the global tech market. These strong export indicators are crucial for Thailand's economic growth and competitiveness on the global stage, showcasing its ability to leverage key sectors for revenue generation and economic development.

Merchandise Exports

Thailand's merchandise exports amount to $231.63 billion, placing it at rank 23 out of 187 countries. This is significantly above the average merchandise export value of approximately $89.54 billion.

Thailand's exports of agricultural raw materials account for 3.63% of its total merchandise exports. With a rank of 34 out of 151 countries, Thailand's performance in this sector is slightly above the average of 2.97%.

Food exports represent 14.42% of Thailand's merchandise exports, ranking the country 83rd out of 152 countries. This percentage is below the average of 24.06%.

Thailand's fuel exports contribute 2.67% to its total merchandise exports, ranking it 81st out of 147 countries. The country performs below the average of 13.70% in this category.

Ores and metals exports constitute 1.86% of Thailand's merchandise exports. Thailand ranks 101st out of 152 countries in this aspect, falling below the average of 9.10%.

Thailand's residual exports, which account for 0.33% of its total merchandise exports, position the country at rank 86 out of 166 countries. This is significantly lower than the average residual export value of 3.20%.

Summary

Thailand demonstrates a strong performance in merchandise exports, ranking above average in total merchandise export value, exports of agricultural raw materials, and residual exports. However, the country falls below average in food exports, fuel exports, and ores and metals exports. These findings are crucial as they highlight Thailand's relative strengths and weaknesses in different export sectors, providing valuable insights for policymakers and businesses looking to enhance the country's economic diversification and competitiveness in the global market.

Technology Exports

Thailand's Manufactures exports account for 71.6% of its merchandise exports, which is 28.98 percentage points higher than the average of 42.62%. This places Thailand at rank 39 out of 152 countries in this category.

In terms of High-technology exports valued at $45.8 billion, Thailand outperforms with $29.2 billion above the average of $16.7 billion. Thailand holds the 13th position out of 151 countries.

Thailand's High-technology exports contribute 27.67% to its manufactured exports, surpassing the average of 10.15% by 17.51 percentage points. Thailand ranks 12th out of 150 countries for this metric.

With Medium and high-tech exports accounting for 63.11% of Thailand's manufactured exports, the country performs impressively above the average of 34.29%. This places Thailand at rank 24 out of 149 countries.

Summary

Thailand showcases a strong emphasis on high-technology exports, with these exports significantly exceeding global averages across various metrics. This focus has propelled Thailand to secure notable rankings among numerous countries in terms of manufactured exports, high-technology exports, and the contribution of high-tech exports to its overall manufactured exports.

This emphasis on high-technology exports is crucial for Thailand's economic development as it signifies the country's advancement in technological capabilities, industrial sophistication, and global competitiveness. By excelling in high-tech exports, Thailand can attract investment, drive innovation, create high-skilled jobs, and enhance its position in the global market.

Service Exports

Thailand's Service exports (BoP) amount to $30,997,168,591.50. This is above the average of $28,917,292,503.82. Thailand ranks 28th out of 171 countries in this attribute.

Thailand's ICT service exports (BoP) stand at $481,686,351.31, well below the average of $4,578,501,153.77. Thailand is ranked 65th out of 166 countries for this metric.

Thailand's ICT service exports (% of service exports, BoP) is 1.55%, significantly lower than the average of 11.75%. The country is ranked 149th out of 166 nations in this category.

The country's Communications, computer, etc. (% of service exports, BoP) is 43.13%, slightly below the average of 45.85%. Thailand is ranked 93rd out of 169 countries for this parameter.

Thailand's Transport services (% of service exports, BoP) amount to 10.76%, below the average of 21.80%. The country ranks 115th out of 169 nations in this aspect.

Thailand's Travel services (% of service exports, BoP) is at 43.24%, higher than the average of 26.40%. It ranks 37th out of 167 countries for this attribute.

In terms of Insurance and financial services (% of service exports, BoP), Thailand stands at 2.87%, compared to the average of 6.46%. The country is ranked 94th out of 161 nations in this category.

Summary

Thailand demonstrates strength in its overall service exports, ranking 28th globally. However, the country lags behind in ICT service exports and ICT service exports as a percentage of total service exports. While Thailand excels in travel services, it struggles in insurance and financial services. Understanding these indicators is crucial for Thailand to focus on improving its ICT sector and enhancing the competitiveness of its financial services industry to diversify and strengthen its service export portfolio.

Commercial Service Exports

Thailand's Commercial service exports amount to $30,714,533,659.73, ranking 28th out of 171 countries. This value is $2,206,315,256.93 above the attribute average.

Travel services contribute significantly to Thailand's commercial service exports, accounting for 43.64% of the total. Thailand ranks 40th out of 167 countries in this category, surpassing the average by 15.75%.

Thailand's Computer, communications, and other services make up 42.61% of its commercial service exports, just slightly above the average. The country ranks 90th out of 169 nations for this attribute.

On the other hand, Thailand's Insurance and financial services represent only 2.90% of its commercial service exports, well below the average. Thailand ranks 98th out of 161 countries in this aspect.

Transport services play a smaller role in Thailand's commercial service exports at 10.86%, ranking 117th out of 169 countries. This value is notably lower than the attribute average.

Summary

Thailand's commercial service exports are driven mainly by travel services and computer, communications, and other services, which together make up the majority of its exports. However, the country lags behind in insurance and financial services as well as transport services compared to the global average. These findings are crucial as they highlight Thailand's strengths and weaknesses in different service sectors, guiding policymakers and businesses in enhancing areas with growth potential and addressing shortcomings to boost overall competitiveness in the global market.

Broad Import Attributes

Thailand's Imports of goods and services (current US$) amount to $231.74 billion, which is above the average of $126.19 billion. Thailand ranks 25th out of 163 countries in this attribute.

Imports of goods and services (% of GDP) in Thailand stand at 46.30%, slightly higher than the average of 44.15%. The country ranks 59th out of 163 countries in this aspect.

Thailand's International tourism expenditures (% of total imports) is 1.59%, below the average of 3.98%, positioning the country at rank 108 out of 131 countries with available data.

The ICT goods imports (% total goods imports) in Thailand are at 15.01%, significantly surpassing the average of 6.85%. Thailand ranks 10th out of 143 countries in this category.

With Goods imports (BoP, current US$) worth $186.58 billion, Thailand exceeds the average of $92.01 billion, ranking 22nd out of 171 countries in this attribute.

Thailand's Imports of goods and services (BoP, current US$) amount to $232.05 billion, above the average of $120.32 billion. The country is ranked 22nd out of 170 countries in this category.

For Imports of goods, services, and primary income (BoP, current US$), Thailand's value of $255.28 billion is significantly higher than the average of $144.51 billion. Thailand ranks 24th out of 170 countries in this attribute.

Summary

Thailand demonstrates a strong economic performance in terms of imports across various indicators. The country surpasses global averages in areas such as imports of goods and services, ICT goods imports, and international tourism expenditures, positioning itself competitively on the global stage. These figures highlight Thailand's robust participation in international trade and tourism sectors, indicating a significant role in the global supply chain and tourism market.

Merchandise Imports

Thailand's merchandise imports amount to $206,156,000,000, ranking 23rd out of 190 countries. The import value is significantly higher than the average of $89,385,605,263.16.

Manufactures imports account for 70.74% of Thailand's merchandise imports, ranking 54th out of 152 countries. The value is slightly above the average of 66.76%.

Thailand's agricultural raw materials imports represent 1.35% of its merchandise imports, ranking 58th out of 152 countries. This value is slightly higher than the average of 1.27%.

Food imports constitute 7.62% of Thailand's merchandise imports, ranking 139th out of 152 countries. This percentage is below the average of 15.89%.

Thailand's fuel imports make up 13.83% of its merchandise imports, ranking 47th out of 152 countries. The percentage is higher than the average of 11.38%.

Ores and metals imports account for 4.05% of Thailand's merchandise imports, ranking 24th out of 152 countries. This percentage is notably higher than the average of 2.57%.

Thailand's residual merchandise imports are 1.48% of its total imports, ranking 54th out of 180 countries. This value is lower than the average of 2.51%.

Summary

Thailand's import profile reveals a significant reliance on manufactured goods, with a share of 70.74% of total merchandise imports. This indicates a strong industrial sector and potential for value-added production. While the country's food imports are relatively low at 7.62%, below the global average, there may be opportunities for domestic agricultural development to reduce dependency on foreign food sources.

Understanding these import dynamics is crucial for Thailand's economic strategy and policy-making. By leveraging its strength in manufacturing and addressing vulnerabilities in the food sector, Thailand can enhance its economic resilience and competitiveness in the global market.

Service Imports

Thailand's service imports amount to $45,466,141,717.73, ranking 24th out of 171 countries. This value is above the average service imports of $27,615,356,170.47.

Communications, computer, etc. represent 43.30% of Thailand's service imports, ranking 94th out of 169 countries. This percentage is below the average of 44.40%.

Transport services account for 39.58% of Thailand's service imports, placing it 53rd out of 169 countries. This percentage is higher than the average of 32.90%.

Travel services make up 9.66% of Thailand's service imports, ranking 97th out of 169 countries. This figure is below the average of 14.14%.

Insurance and financial services constitute 7.46% of Thailand's service imports, ranking 79th out of 169 countries. This percentage is lower than the average of 8.53%.

Summary

In summary, Thailand has a significant amount of service imports, with a focus on communications, computer, etc. and transport services, while travel services and insurance and financial services make up smaller portions. These indicators are important as they reflect the country's priorities in terms of services it relies on from other countries, highlighting key sectors for potential growth and investment.

Commercial Service Imports

For Commercial service imports (current US$), Thailand's value of $45,170,995,592.30 is above the average of $27,102,746,128.60. Thailand ranks 23 out of 171 countries in this attribute.

Thailand's Computer, communications and other services (% of commercial service imports) at 42.93% is slightly above the average of 41.71%. It ranks 87 out of 169 countries.

In Insurance and financial services (% of commercial service imports), Thailand's value at 7.51% is below the average of 8.85%. Thailand ranks 80 out of 169 countries.

Thailand's Transport services (% of commercial service imports) at 39.84% is notably above the average of 34.71%. It ranks 57 out of 169 countries.

For Travel services (% of commercial service imports), Thailand's value at 9.72% is below the average of 14.73%. Thailand ranks 97 out of 169 countries.

Summary

In analyzing key macroeconomic indicators for Thailand, we observe that the country generally performs above average in Commercial service imports, particularly excelling in Computer, communications, and other services, as well as Transport services. However, there is room for improvement in Insurance and financial services, and Travel services where Thailand falls below the average.

These findings are crucial as they provide insights into Thailand's economic openness, competitiveness, and sectoral strengths. By excelling in certain service imports categories, Thailand demonstrates its capability to attract foreign investment and foster economic growth, while areas that are below average indicate potential areas for policy focus and improvement to enhance overall economic performance.

Infrastructure

Thailand's air freight transport of 684.21 million ton-km is below the average of 1384.37 million ton-km, ranking 30th out of 126 countries.

Thailand's 224,142 registered carrier departures worldwide are above the average of 134,365 departures, ranking 18th out of 149 countries.

Thailand's 28,179,303 passengers carried by air transport surpass the average of 11,848,243 passengers, ranking 14th out of 149 countries.

Thailand's container port traffic of 9,568,488 TEUs exceeds the average of 6,907,110 TEUs, ranking 18th out of 110 countries.

Summary

Thailand exhibits strengths in air freight transport, carrier departures, passenger traffic by air transport, and container port traffic, performing above average in each category and ranking within the top 30 countries globally. These indicators highlight Thailand's robust transportation infrastructure and trade connectivity, positioning the country as a crucial hub for both air and maritime logistics in the region. The above-average performance in these areas signifies Thailand's ability to facilitate efficient movement of goods and people, contributing to its economic development and regional competitiveness.

Information Technology Infrastructure

Analysis of key internet and technology indicators in Thailand:

Summary

In analyzing key internet and technology indicators in Thailand, it is evident that the country performs below average in terms of secure internet servers and servers per 1 million people. However, Thailand excels in internet usage with a high percentage of the population using the internet, and it also surpasses in fixed broadband and mobile cellular subscriptions compared to global averages.

These indicators are crucial as they reflect Thailand's connectivity level and adoption of digital technologies, which are vital for economic growth, innovation, and competitiveness in the global market. Improving infrastructure for secure internet servers and boosting broadband access further could enhance Thailand's position in the digital economy and foster greater socio-economic development.

Energy Consumption

Thailand's renewable energy consumption stands at 20.83% of total final energy consumption, ranking 104 out of 191 countries. This is below the average of 32.18%. On the other hand, in terms of CO2 emissions, Thailand emits 265,478.9 kt, marking a position of 22 out of 188 countries. This figure exceeds the average CO2 emissions of 171,895.94 kt.

Summary

Thailand's renewable energy consumption percentage is below the global average, indicating room for improvement in transitioning towards sustainable energy sources. Conversely, the country's CO2 emissions are significantly higher than the average, highlighting the pressing need for Thailand to address its environmental impact and reduce carbon emissions to mitigate climate change and adhere to international environmental agreements.

Government Balance Sheet

Thailand's net acquisition of financial assets is 1.78% of GDP, which is below the average of 2.45%. Thailand ranks 42 out of 87 countries in this attribute.

With central government debt at 50.32% of GDP, Thailand is below the average of 74.12%. The country ranks 39 out of 61 countries in this category.

Thailand's net incurrence of liabilities, at 6.12% of GDP, is below the average of 7.43%. The country ranks 51 out of 92 countries in this statistic.

Thailand's total reserves are at 130.86% of total external debt, which is above the average of 66.13%. The country ranks 11 out of 102 countries in this attribute.

Thailand's reserves and related items are at 18,355,757,034.52 USD, significantly higher than the average of 1,924,407,186.58 USD. The country ranks 7 out of 171 countries in this category.

With total reserves minus gold at 248,743,484,788.61 USD, Thailand surpasses the average of 74,221,588,171.61 USD. The country ranks 10 out of 161 countries in this attribute.

Thailand's total reserves, including gold, stand at 258,104,429,788.61 USD, well above the average of 85,708,019,773.47 USD. The country ranks 12 out of 161 countries in this statistic.

Thailand's total reserves in months of imports are at 12.13 months, exceeding the average of 7.10 months. The country ranks 22 out of 151 countries in this category.

Summary

Thailand performs relatively well in key macroeconomic indicators compared to global averages and ranks prominently in various categories including total reserves, net acquisition of financial assets, and central government debt. These statistics highlight Thailand's strong financial position, prudent fiscal management, and robust external financial stability, positioning the country favorably in the global economic landscape.

Government Revenue

Thailand's revenue, excluding grants (% of GDP) is 19.33%, below the average of 27.02%. It ranks 87th out of 122 countries in this attribute.

Grants and other revenue (% of revenue) in Thailand is 20.25%, below the average of 23.54%. Thailand ranks 40th out of 108 countries for this attribute.

Thailand's social contributions (% of revenue) stand at 4.99%, significantly lower than the average of 22.29%. The country ranks 67th out of 81 countries in this category.

For taxes on goods and services (% of revenue), Thailand's value is 41.25%, higher than the average of 31.82%. It ranks 25th out of 122 countries.

Thailand's taxes on international trade (% of revenue) are 2.78%, below the average of 6.24%. This places Thailand at the 63rd rank out of 101 countries.

In terms of other taxes (% of revenue), Thailand's value is 0.60%, lower than the average of 2.12%. The country ranks 66th out of 106 countries for this attribute.

Thailand's taxes on income, profits, and capital gains (% of revenue) is 30.13%, above the average of 24.66%. The country ranks 38th out of 119 countries in this attribute.

Summary

Thailand's fiscal performance reflects a mixed picture compared to global averages. While the country's revenue from grants and taxes on goods and services is above average, its revenue from social contributions and other taxes is significantly below average. The high reliance on taxes on goods and services indicates a strong consumption-driven economy but also highlights potential challenges in equitable taxation and social welfare funding.

Taxes

Thailand's Tax revenue (% of GDP) stands at 14.46%, below the average of 16.72%. This places Thailand at rank 71 out of 123 countries.

Taxes on exports (% of tax revenue) in Thailand are notably low at 0.59%, well below the average of 2.54%. Thailand ranks 30 out of 36 countries in this aspect.

Thailand's Customs and other import duties (% of tax revenue) is 3.71%, significantly lower than the average of 9.01%. Thailand is ranked 64 out of 99 countries for this metric.

For Taxes on income, profits, and capital gains (% of total taxes), Thailand's value is 40.31%, slightly above the average of 38.40%. This places Thailand at rank 52 out of 120 countries.

Summary

Thailand's tax revenue as a percentage of its GDP is below the global average, ranking 71 out of 123 countries. The country also has low taxes on exports and customs/import duties compared to the average, placing it at 30 out of 36 and 64 out of 99 countries respectively. However, Thailand's emphasis on taxes on income, profits, and capital gains is slightly above average, ranking 52 out of 120 countries.

These statistics are crucial as they indicate Thailand's reliance on different sources of tax revenue compared to other countries. Low taxes on exports may affect international trade competitiveness, while a higher focus on income and profits taxes can impact domestic investment and economic growth.

Government Expenses

Thailand's Expense (% of GDP) is 22.09%, which is below the average of 31.69%. The country ranks 87 out of 123 countries for this attribute.

Thailand's Compensation of employees (% of expense) stands at 23.81%, slightly below the average of 24.70%. The country ranks 58 out of 123 countries for this attribute.

Thailand's Goods and services expense (% of expense) is 21.18%, above the average of 14.77%. The country ranks 22 out of 122 countries for this attribute.

Thailand's Interest payments (% of expense) are 4.37%, below the average of 6.85%. The country ranks 66 out of 121 countries for this attribute.

Thailand's Other expense (% of expense) is 19.08%, significantly above the average of 8.29%. The country ranks 10 out of 120 countries for this attribute.

Thailand's Subsidies and other transfers (% of expense) are 31.55%, below the average of 43.29%. The country ranks 84 out of 121 countries for this attribute.

Summary

Thailand exhibits a conservative approach in its Expense (% of GDP) and Interest payments (% of expense), being below average compared to other countries. However, the country allocates a significant portion of its expenses towards Goods and services, Other expense, and Subsidies and other transfers, surpassing the global averages. This balanced expenditure strategy reflects Thailand's focus on investment in resources and social welfare programs while maintaining fiscal prudence.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Population ages 15-64, total 19/194
Population ages 65 and above, total 13/194
Rural population 17/190
Armed forces personnel, total 16/164
Land under cereal production (hectares) 14/174
Cereal production (metric tons) 15/174
Aquaculture production (metric tons) 12/180
Capture fisheries production (metric tons) 14/190
Total fisheries production (metric tons) 15/182
Agriculture, forestry, and fishing, value added (current US$) 13/182
Manufacturing, value added (% of GDP) 6/173
Broad money (% of GDP) 8/139
Foreign direct investment, net (BoP, current US$) 5/169
Foreign direct investment, net outflows (BoP, current US$) 14/156
Foreign direct investment, net outflows (% of GDP) 11/155
Debt service on external debt, total (TDS, current US$) 11/123
External debt stocks, private nonguaranteed (PNG) (DOD, current US$) 9/91
External debt stocks, total (DOD, current US$) 9/123
External balance on goods and services (current US$) 13/163
Current account balance (BoP, current US$) 15/170
Net trade in goods and services (BoP, current US$) 13/171
Net trade in goods (BoP, current US$) 11/171
Net financial account (BoP, current US$) 12/170
ICT goods exports (% of total goods exports) 10/142
High-technology exports (current US$) 13/151
High-technology exports (% of manufactured exports) 12/150
ICT goods imports (% total goods imports) 10/143
Air transport, passengers carried 14/149
Fixed broadband subscriptions 18/185
Mobile cellular subscriptions 15/193
Reserves and related items (BoP, current US$) 7/171
Total reserves minus gold (current US$) 10/161
Total reserves (includes gold, current US$) 12/161
Other expense (% of expense) 10/120

Ranks in Bottom Decile For:

Attribute Rank/Total
Age dependency ratio (% of working-age population) 175/194
Fertility rate, total (births per woman) 178/190
Inflation, consumer prices (annual %) 154/165
Foreign direct investment, net inflows (BoP, current US$) 176/182
Foreign direct investment, net inflows (% of GDP) 162/178
Portfolio investment, bonds (PPG + PNG) (NFL, current US$) 57/59
Portfolio equity, net inflows (BoP, current US$) 118/125
Food imports (% of merchandise imports) 139/152