Thailand

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Thailand is a constitutional monarchy and has switched between parliamentary democracy and military junta for decades. It became a newly industrialised country and major exporter in the 1990s. Leading contributors to economic growth include manufacturing, agriculture, and tourism.

MAIN LANGUAGES

Tagalog

English

Spanish

POPULATION

103.3 million (2016)

LAND AREA

513,120 km²

CAPITAL

Manila

CURRENCY

Philippine Peso (PHP)

TIME ZONE

GMT +8

EASE OF DOING BUSINESS

Ranked 26 out of 190 economies (World Bank Doing Business 2018)

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The Office of the Board of Investment (BOI) is a government agency under Thailand's Office of the Prime Minister. It is responsible for promoting valuable investment - both investment into Thailand and Thai investments overseas.

www.boi.go.th | (662) 553 8111 | foreign@boi.go.th 

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LATEST UPDATES

Thailand hits trough in Q2 but recovery to be drawn out: DBS

DBS's full-year growth forecast for the country has been lowered to -7.5 per cent, down from -5.5 per cent earlier.

Tourism slump to weigh down Thailand economy for years: Report

Citi analyst Nalin Chutchotitham expects economic activity to rebound to 2019 levels only in mid-2022.

Thailand's headline inflation likely to remain in negative territory in coming months

THAILAND'S headline inflation is likely to remain in negative territory in the coming months, though the downward pressure on prices should ease...

Post-Covid activity recovering in Vietnam, Thailand, Malaysia

The recovery of domestic tourism could also aid the hospitality and aviation sectors, said Maybank Kim Eng economists.

Thailand healthtech field set to grow: Report

The value of Thailand’s overall medical device market is pegged to hit US$1.45 billion in 2020.