Economy of Thailand
Thailand has a developing mixed economy. It is dependent on exports, which accounted for about 58 percent of the country's gross domestic product (GDP) in 2021. Thailand itself is a newly industrialized country, with a GDP of 17.922 trillion baht (US$517.0 billion) in 2023, the 9th largest economy in Asia. In 2025 Thailand recorded average annual deflation of 0.14% and an account surplus of 7.5% of the country's GDP. Its currency, the baht, is ranked as the tenth most frequently used world payment currency in 2017. As of 2012, the industrial and service sectors were the main sectors in the Thai gross domestic product, with the former accounting for 39.2 percent of GDP. Thailand's agricultural sector produced 8.4 percent of GDP—lower than the trade and logistics and communication sectors, which account for 13.4 percent and 9.8 percent of GDP respectively. The construction and mining sectors add 4.3 percent to the country's gross domestic product. Other service sectors (including the financial...
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