Economy of Thailand

Economy of Thailand

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The economy of Thailand is a newly industrialized economy. It is a heavily export-dependent economy, with exports accounting for more than two thirds of gross domestic product. Recently, Thailand experienced GDP growth by 8.0% in 2010 making it one of the fastest growing economies in Asia and the fastest growing economy in South East Asia. The country has a GDP net worth of 9.5 trillion Baht, or US$584 billion making it the 24th largest economy in the world. This classifies Thailand as the 2nd largest economy in Southeast Asia after Indonesia. Despite this, Thailand ranks midway in the wealth spread in Southeast Asia as it is the 4th richest nation according to GDP per capita, after Singapore, Brunei and Malaysia. Thailand's nominal economic output as of June 2010 is $313.8 billion USD, while holding some $172 billion in foreign exchange assets which ranks 11th in world. Thailand has strong automobile industry which grew by 63% in 2010 with 1.6 million cars produced ranking it as 13th in the motor vehicle producing countries in the world. Experts predict that by the year 2015 Thailand will be one of the top 10 motor vehicle producing countries in the world.show more

Product details

  • Paperback | 124 pages
  • 152 x 229 x 7mm | 191g
  • Miss Press
  • United States
  • English
  • 6135828770
  • 9786135828771