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.
103.3 million (2016)
Philippine Peso (PHP)
EASE OF DOING BUSINESS
Ranked 26 out of 190 economies (World Bank Doing Business 2018)
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.
DBS's full-year growth forecast for the country has been lowered to -7.5 per cent, down from -5.5 per cent earlier.
Citi analyst Nalin Chutchotitham expects economic activity to rebound to 2019 levels only in mid-2022.
THAILAND'S headline inflation is likely to remain in negative territory in the coming months, though the downward pressure on prices should ease...
The recovery of domestic tourism could also aid the hospitality and aviation sectors, said Maybank Kim Eng economists.