#Welcome to Thailand

Thailand Economy Overview

Economic Profile: Thailand is the second-largest economy in ASEAN and the Greater Mekong Subregion (GMS). As an upper-middle-income country with an open, market-oriented economy, Thailand has successfully transformed from an agriculture-based economy to a diversified one with significant contributions from the services and industrial sectors.

GDP: USD 513 billion (2023), growing at 1.9%

Per Capita GDP: USD 7,330

Export-Dependent Economy: Exports account for 55% of GDP

Global Trade: USD 574.31 billion (2023), a 2.4% contraction

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