Thailand Economy



Thailand was subjected to several economic transformations owing to the fiscal crisis of 1997. Thailand has economically recuperated since then.Growth in economy accounted for 5% in 2006. In 2005, economic growth in Thailand was 4.5%. The growth in economy is reckoned to be 4.3% in 2007.
The growth in 2006 can be attributed to revenues generated from exports and the prevalence of a healthy macro financial situation.

Dual Track Policy in Thailand economy:
The rapid recovery from financial crisis was due to the ‘Dual track Policy’. The Dual track policy revolves around domestic segments of the economy, exports.

It aims at inculcating a stable set up through the active participation of the public sector from international viewpoint.

Thailand Economy GDP Performance 1980-2013

Thailand Economy GDP Performance 1980-2013

Thailand Economic Monitor:
The Thailand Economic Monitor is another tool, which aims at monitoring the several changes taking place in the economy of Thailand.
The Thailand Economic Monitor harbors detailed information pertaining various aspects of Thailand economy. This may include reforms, Thailand’s status with regard to debts, functioning of the financial sector which may include the banking reforms, corporate reforms etc.

Thailand Economic Performance 1980-2013
Year GDP % Change Inflation % Change Year GDP % Change Inflation % Change
1980 5.17 19.70 1997 -1.37 5.63
1981 5.91 12.66 1998 -10.51 7.99
1982 5.35 5.26 1999 4.45 0.28
1983 5.58 3.73 2000 4.75 1.59
1984 5.75 0.86 2001 2.17 1.63
1985 4.65 2.43 2002 5.32 0.70
1986 5.53 1.84 2003 7.14 1.80
1987 9.52 2.47 2004 6.34 2.76
1988 13.29 3.86 2005 4.60 4.54
1989 12.19 5.36 2006 5.09 4.64
1990 11.17 5.86 2007 5.04 2.24
1991 8.56 5.71 2008 2.48 5.47
1992 8.08 4.14 2009 -2.33 -0.85
1993 8.25 3.31 2010 7.81 3.27
1994 8.99 5.05 2011 0.08 3.81
1995 9.24 5.82 2012 7.67 3.01
1996 5.90 5.81 2013 1.77 2.18

Source: World Bank

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Last Updated on : 05th March 2015 Next Update : February 2016