Thailand Oil production Thailand Electricity production

Thailand Economy

Economy - overview:with a well-developed infrastructure. a free-enterprise economy. and pro-investment policies. thailand appears to have fully recovered from the 1997-98 asian financial crisis. the country was one of east asia's best performers in 2002-04. boosted by increased consumption. high investment spending. and strong export growth the thai economy grew 6.9% in 2003 and 6.1% in 2004 despite a sluggish global economy. bangkok has pursued preferential trade agreements with a variety of partners in an effort to boost exports and to maintain high growth. in 2004 thailand and the united states began negotiations on a free trade agreement. in late december 2004. a major tsunami took 8.500 lives in thailand and caused massive destruction of property in the southern provinces of krabi. phangnga. and phuket. growth slowed to 4.6% in 2005. the downturn can be attributed to high oil prices. weaker demand from western markets. severe drought in rural regions. tsunami-related declines in tourism. and lower consumer confidence. moreover. the thaksin adminitration's expansionist economic policies. including multi-billion-dollar mega-projects in infrastructure and social development. has raised concerns about fiscal discipline and the health of financial institutions. on the positive side. the thai economy performed well beginning in the third quarter of 2005. export-oriented manufacturing - in particular automobile production - and farm output are driving these gains. in 2006 the economy should benefit from an influx of investment and stronger private consumption. however. a possible avian flu epidemic could significantly harm economic prospects throughout the region.

GDP (purchasing power parity) : $545.8 billion (2005 est.)

Inflation rate: 4.8% (2005 est.)

Labor force : 35.36 million (2005 est.)

Industries: tourism. textiles and garments. agricultural processing. beverages. tobacco. cement. light manufacturing such as jewelry. electric appliances and components. computers and parts. integrated circuits. furniture. plastics. automobiles and automotive parts. world's second-largest tungsten producer. and third-largest tin producer

Thailand

			Over view
			Geography
			People
			Government
			Economy
			Communications
			Transportation
			Militry

Thailand More Facts

Electricity - production: 114.7 billion kwh (2003)

Oil - production: 230.000 bbl/day (2005 est.)

Thailand More Facts

Exports: $105.8 billion f.o.b. (2005 est.)

Imports : $107 billion f.o.b. (2005 est.)
Currency (code) : baht (thb)