Tanzania is drawing external investments mostly mining sector, the oil and gas industry, as well as the primary agricultural products sector. The figures are based on nominal GDP and GDP (PPP) estimates and sector composition ratios provided by the CIA World Factbook at market or government official exchange rates with figures in trillions of United States dollars. Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period. Thailand: Share of economic sectors in the gross domestic product (GDP) from 2007 to 2017. 50 THB Million from 1993 until 2019, reaching an all time high of 178581 THB Million in the second quarter of 2019 and a record low of 68261 THB Million in the second quarter of 1993. 2 billion to the national economy. It is expected the value of exports from Thailand will reach an all time high of US$235. 3% per year through 2019. Though consumers tend to be more price conscious during those times, they do not stop spending. The Office of Economic Sanctions Policy and Implementation is responsible for developing and implementing foreign policy-related sanctions adopted to counter threats to national security posed by particular activities and countries. Malaysian economy to remain resilient in 2018, with real GDP to expand between five per cent and 5. Methodology. The Singapore economy grew 3. After decades of isolation, Myanmar has started to undertake major reforms towards a democratic system and market-based economy. 5 percent in 2017 and 3. Retail executives, IT managers, and technology vendors can use this information when looking to understand. The air transport sector makes a major. 8 percent last year with private consumption and public investment as key drivers as consumer. Thailand Raises 2017 GDP Growth Outlook to 3. The Services Sector. BANGKOK, June 27 (Xinhua) -- Thailand might encounter a repeated economic crisis like the one which occurred two decades ago, said a former governor of the Bank of Thailand over the weekend, Thai media reported on Tuesday. Due in no small part to its cheap, alternative brand of medical tourism, Malaysia’s healthcare sector is thriving. Despite this dominance, its exports to rest of Africa are estimated at 12. But to secure growth that benefits everyone, the country will need to raise domestic demand and prepare for the impact of an aging population, the IMF said in its latest report. 2 percent in that span. 9 billion in 2018 (US$314. 1%, which would make its economy the 20th-largest in the world by 2050. economy, known as its value added, these statistics include industries’ compensation of employees, gross operating surplus, and taxes. Learn more about the Thailand economy, including the population of Thailand , GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom. Its 2017 growth places it 3rd in Asia behind China and Vietnam. According to the IMF’s projection, Malaysia’s economy or total GDP is expected to be US$364. 7% in 2017 (2nd UPDATE) For the 4th quarter of 2017 alone, the Philippine economy grows by 6. Concentration data are not available for mining and construction. In 2017, the U. Though consumers tend to be more price conscious during those times, they do not stop spending. Thailand has attracted an estimated 3. 6 % in 2018. The Asian Development Bank predicts Thailand’s GDP will grow 3. India, Indonesia and Thailand are seen as the region's best performers of 2017 thanks to healthy fundamentals, economists. Thailand's economic outlook. 0), and advanced industry (Thailand 3. 1 percent in both 2016 and 3. Japanese OEMs hold 85 percent market share while the US OEMs account for the remaining 15 percent. By Matthias Lomas for The Diplomat. 0% to 239,551 units. India's GDP growth rises to 7. The industry and service sectors produce about 90% of GDP. residential construction industry generated a revenue of USD 500 billion as compared to USD 460 billion in 2016. 0 SMART TECHOLOGY with SMART PEOPLE Match to the real demand and leave no one behind EEC: Putting Thailand 4. The World Bank and United Nations (UN) say the Thai economy is in a slow growth lane compared to regional rivals, with a projection of over 3. The Singapore economy grew 3. Strong growth rates in the tourism industry have resulted in major investments in the country's hotel industry, particularly in the high end of the market. Looking to the future, Thailand's economic development is set to follow a 20-year National Strategy Plan, with a vision of achieving security, prosperity and sustainability. ) [see also: GDP - composition, by sector of origin - agriculture country ranks] industry: 36. tourism industry to economic recovery and growth. 2% in the first quarter of 2019. 2017 full year vehicle sales in Thailand increased 13. The National Economic and Social Development Board (NESDB) reported in November the third quarter of 2017 saw the highest growth since the. Dollar, receipts in 2017 totalled 53. The economy remained lackluster in the second quarter, after growth fell to an over four-year low in the first quarter. as GDP growth softened in 2018. Toyota Motor Thailand Reaffirms Commitment to Development of Thai Automotive Industry Toyota Motor Thailand (TMT) eyes positive growth of the Thai automotive market in 2017, the 55th year. This is because it is the most important sector in the economy, one that has generated food and living incomes for most of the Thai. 4%, up from 3. 6% Singapore 2. Philippine GDP grows by 6. To help modernize the economy, the government has earmarked ฿27. 3% According to MarkLines Data Center, December vehicle sales in Thailand increased 20. For example, China's service sector as a share of GDP is growing rapidly and is close to catching up with Thailand. BENCHMARK REPORT 2017 - THAILAND | 4 SPONSORS OF BENCHMARKING REPORT 2017 METHODOLOGY The World Travel & Tourism Council (WTTC) has spearheaded global analysis of the economic importance of the sector for over 25 years. In the past years, the creative economic sector has grown steadily at more than 8%. The GDP figure in 2018 was €427,530 $504,993 million, Thailand is number 26 in the ranking of GDP of the 196 countries that we publish. Notwithstanding, the country still suffers from pervasive government controls, inefficient economic policies, corruption, and rural poverty. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Growth in value-added (GVA) in the livestock sector and contributions of component industries to livestock GDP, Thailand, 1980-2001. 0), and advanced industry (Thailand 3. It is estimated by the OECD that goods transported by air account for 3% by weight of all goods traded globally but about 40% by value. Thailand’s economic outlook in 2017 and 2018. The air transport sector makes a major. Thailand has a well-diversified economy which is driven by its industry and services. Thailand's economic outlook in 2017 and 2018. 8 billion, up from $209. 00 THB Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. This rate is 1 -tenth of one percent higher than the figure of 4% published in 2017. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Although fiscal and monetary policy will support the economy, growth will average a low 2. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. In the 1960s it was a predominantly agricultural economy largely dependent on its rich produce of crops such as rice, cassava, maize, rubber, and sugar cane, along with its seafood production, primarily of shrimp. insurance industry Impact Highlights 2014 2015 2016 2017E Macroeconomic conditions Global economic growth slowed in 2016 as both advanced and emerging markets saw diminished growth. Economy has been buffeted by slowing demand for exports. 0 is an economic model that aims to unlock the country from several economic challenges resulting from past economic development models which place emphasis on agriculture (Thailand 1. Thailand's economy is dominated by the service sector, which contributed approximately 55. In 2014 the economy grew by its high point of 2. Countries by GDP Sector Composition as of 2017. Though we have had remarkable achievements in power generation, we failed to achieve eight percent GDP growth by 2013, and it will be tough increasing the contribution of industry up to 40 percent. Summary of the labor force survey in Thailand : January 2017 force or not available for work, such as housewives - Manufacturing 1. Read more at straitstimes. Higher growth will gradually resume after the tourism sector improves coupled with support from domestic spending. 2 billion, which was equal to about 1. To help modernize the economy, the government has earmarked ฿27. China’s gross domestic product rose by 6. Research and development personnel within the German au-tomobile industry reached a level of 114,000. BENCHMARK REPORT 2017 - THAILAND | 4 SPONSORS OF BENCHMARKING REPORT 2017 METHODOLOGY The World Travel & Tourism Council (WTTC) has spearheaded global analysis of the economic importance of the sector for over 25 years. Economic Calendar; Technology News Semiconductor Industry Outlook - August 2017. Since the financial crisis a decade ago, public debt held by emerging markets has grown faster than GDP in every region of the world, according to World Bank data. BMI’s 2017 risk report ranks Thailand the 21 st least economically risky market globally and 8 th in Asia Pacific, in the short-term. 1 percent in 2016 and 3. From 1988 to 1990 there was growth substantially higher than 10 %. 0 was unveiled by the junta in May 2016. - The Malaysia International Trade and Exhibition Centre (MITEC) connects you with everything you need for your event. In 2016, over 65% of Thailand’s pharmaceutical imports came from the United States, Europe, and Canada. Thailand courts Japanese businesses with grand tour of key industrial zone the Thai government invited Minister of Economy, Trade and Industry Hiroshige Seko and more than 570 delegates from. 0 per cent, a signif- icant acceleration compared to growth of just 2. 2 percent in 2017 accelerating from 2. Indonesia managed to increased its GDP growth slightly above 5% in 2016-2017. 4% in 2019 and 4. Concentration data are not available for mining and construction. Data source is CIA Factbook. 1pc for these two years. Due to the high influx of visitors and the well-developed industry sector, Thailand's economy should be quite stable or even growing steadily, but in fact, GDP growth has been yo-yo-ing over the. The AEIB provides regular updates on ASEAN economic integration progress and outcomes, and is a demonstration of ASEAN’s. August 20, 2019. Thailand ranks 46th in the World Happiness Report of 2018 with a rating of 6. 5 per cent in 2017 though the manufacturing-led growth spurt lost some steam in the final three months of the year, according to advance estimates released by the. In the past years, the creative economic sector has grown steadily at more than 8%. A bloodless revolution in 1932 led to the establishment of a constitutional monarchy. Tanzania is drawing external investments mostly mining sector, the oil and gas industry, as well as the primary agricultural products sector. Due to Thailand’s growing tourism industry and gradual economic recovery, domestic consumption of chicken meat is expected to increase by 4-5% in 2017, from around 670 million tons in 2016. Thailand's economic outlook in 2017 and 2018. 34 percent, industry and construction 33. Growth in value-added (GVA) in the livestock sector and contributions of component industries to livestock GDP, Thailand, 1980-2001. 6%), livestock (11. 5% in 2019 and 3. The industrial sector in Thailand contributed considerably to economic growth during the 1970s and 1980s. Despite many obstacles, ranging from labour costs and raw material availability to energy prices; the sector is still considered attractive by both foreign and domestic investors. The air transport sector makes a major. LIVESTOCK SECTOR REPORT THAILAND 3 Fig. The industry’s total contribution to GDP stood at $ 230 bn in 2017 accounting for 9. The long-term economic implications of the blockade is likely to be costly to Saudi Arabia, the UAE, and Bahrain. 9 percent in 2017—the fastest pace since 2013. Library of Congress. Thailand's central bank kept its key interest rate unchanged on Thursday in line with expectations as it upped its forecast for economic growth for 2017 thanks to improved exports and tourism. 2 per cent or RM96. The Economic Outlook Through 2017. According to the IMF’s projection, Malaysia’s economy or total GDP is expected to be US$364. The 2017 National Trade Estimate Report on Foreign Trade Barriers (NTE) is the 32nd in an annual series that highlights significant foreign barriers to U. 0, the EEC is designed to lead the country from a manufacturing and agrarian society to one of technology and innovation, propelling the country to a high income economy. It is estimated by the OECD that goods transported by air account for 3% by weight of all goods traded globally but about 40% by value. The country has a very high standard of living compared with other European countries, and a strongly integrated welfare. 1 million vehicles were bought under the first-time buyer scheme introduced in September 2011 by then-Prime Minister Yingluck Shinawatra. 65 in BoP, current US$ and services import is 46,668,374,273. It is the second largest economy in South East Asia, our 6th largest two-way trading partner, 7th highest source of international students and a top 20 source of FDI. Looking at the inflation forecast, main pressure article this year will be adjusting the prices of food as well as public services. This sector creates about 4. A bloodless revolution in 1932 led to the establishment of a constitutional monarchy. Thailand is the 23rd largest export economy in the world and the 32nd most complex economy according to the Economic Complexity Index (ECI). Note: GDP growth rates for 2017 and 2018 are forecasts by MHRI. Thousands of Jobs. * ASEAN-5 refers to Indonesia, Malaysia, Philippines, Thailand and Vietnam Source: Department of Statistics, Malaysia 14. 9 billion of investment for 2017-21 in four digital areas: commerce, entrepreneurship, innovation and content. LONDON, Feb. 8 percent last year, according to the 2016 Thailand Economic Monitor released today by the World Bank. In 2017, provisional data indicate receipts from tourism total 1,824,042. China's GDP Examined: A Service-Sector Surge. 1 Employment by major industry sector, 2006, 2016, and projected 2026; Industry Sector. economy can be found in Thailand's Exporter Guide Report dated January 19, 2018. Dollar, receipts in 2017 totalled 53. International Tourism. This industrial policy is intended to complement the wider 12th National Economic and Social Development Plan, for 2017-21, and fit more broadly within the junta's new 20-year National Strategy, which was originally proposed in 2015. 94 million units Contribute to. NOTE: The information regarding GDP - composition, by sector of origin - agriculture (%) on this page is re-published from the CIA World Factbook 2017. List of 12 upcoming agricultural expos in Thailand 2019-2020 1. THE MOBILE ECONOMY ASIA PACIFIC 2017. Probability of dying under five (per 1 000 live births, 2017) 10: Probability of dying between 15 and 60 years m/f (per 1 000 population, 2016) 203/91: Total expenditure on health per capita (Intl $, 2014) 600: Total expenditure on health as % of GDP (2014) 4. compiled by the BOT's regional offices cover data and economic analysis of the northern, northeastern, and southern region of Thailand. 74 in Bop, current US$. The Asian Development Bank predicts Thailand's GDP will grow 3. 0 percent growth between 2017 to 2019. Risks in the corporate sector, as well as insolvencies, are expected to rise. Wholesale & retail trade is the major contributor with 15. just-auto covers the automotive industry in Thailand. Thailand’s GDP: Agriculture data is updated yearly, averaging 744,962. The industry and service sectors produce about 90% of GDP. Above-target GDP growth. Thailand's economy grew at the fastest pace in more than four years, led by a. Thailand’s vibrant tourism sector has played an increasingly important role in the economy in recent years, boosting many related businesses and helping compensate for weak growth in other sectors. The industry has the potential to generate US$ 300 bn revenue and 65 mn additional jobs by 2026. Airline Economic Analysis 2016-2017 Share In recent years, the airline industry in the United States produced improved balance sheets, increased valuations, and generated 13 consecutive quarters of profitability with operating margins near or above 10% — all testament to the quality and discipline of the management of this hyper-competitive. 0 strategy: to. Since 2015, Thailand's economy has been slowly finding its way. Industry (including construction), value added (% of GDP) from The World Bank: Data. Among the exports of vegetable products worth US$ 629 million, maize is the major vegetable export valued at US$ 222 million which accounted for 35% of total vegetable exports in 2014 (Table 2) (Thailand Board of Investment, 2015). It presents the most current and accurate global development data available, and includes national, regional and global estimates. 9 percent in 2017—the fastest pace since 2013. Malaysia and make Thailand the Detroit of Asia and CKD all. 9 per cent in 2017, reversing a downward growth trend for the first time since 2010 in an indication of strong resilience in the world’s second-largest. Composition of exports in 2011. achieve its vision of becoming an economy that is balanced, stable and sustainable. 2017 vehicle sales in Thailand up 13. Economic decline was the main story in some of the biggest emerging markets in Latin America, Middle East and Africa, as well as Russia and Thailand, where a toxic mix of persistently low commodity prices and political factors severely limited the ability of consumers to make major purchases. 8% Inflation -0. 9% services: 54. 6% year-on-year in real terms in the first quarter of 2019, after the growth of 1. Despite 4Q2016’s lowest growth rate in a year, EIC maintains its views on Thailand’s GDP growth at 3. •creative economy year 2009 and creative thailand 2010 •stimuli plan 1-2 (strengthen thai operation) •thailand international creative economy forum in 2010 and 2012 •thailand creative economy agency (tcea), under pm office •proposed budget at 1 bn thb (20 mil £) •the 11th national economic and social development plan (2012-2016). 3% According to MarkLines Data Center, December vehicle sales in Thailand increased 20. This document is a companion piece to the President’s Trade Policy Agenda published by USTR in March. Above-target GDP growth. Oil palm was a major contributor to the GDP of agriculture sector at 46. Data source is CIA Factbook. 3%YOY in 2017. Learn more about the Thailand economy, including the population of Thailand , GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom. Thailand and the United States belong to a number of the same international organizations, including the United Nations, ASEAN Regional Forum, Asia-Pacific Economic Cooperation forum. Thailand’s economic outlook in 2017 and 2018. 2 billion to the national economy. 2bn) into healthcare in 2016 – approximately 10% of the annual budget. World’s GDP Growth by Region 2017. 7 billion MICE GDP Contribution: 113. The percent change in real GDP by metropolitan area ranged from 12. Singapore has the highest basket size of US$91 with a GDP per capita of US$90,530. List of 12 upcoming agricultural expos in Thailand 2019-2020 1. 9 percent in 2017—the fastest pace since 2013. 8% Inflation -0. 53 trillion baht last year, making up 17. 3% in 2020 - ADB Report. The industry accounts for nearly 12 percent of Thailand's GDP and employs more than 500,000 people including the Original Equipment Manufacturer (OEMs) and Tier 1, 2, and 3 suppliers. Although fiscal and monetary policy will support the economy, growth will average a low 2. In 2017, provisional data indicate receipts from tourism total 1,824,042. 3%, down from 3. ) [see also: GDP - composition, by sector of origin - industry country ranks] services: 55. Due to the high influx of visitors and the well-developed industry sector, Thailand's economy should be quite stable or even growing steadily, but in fact, GDP growth has been yo-yo-ing over the. 2 percent growth in 2016 (Figure 4). 96 million GDP $395. Thailand is currently on its 12th National Economic and Social Development Plan (2017-2021) with future growth forecasted to be stable between 3% - 4% as private consumption and public and foreign investments continue growing. OVERSEAS LOANS AND GRANTS (GREENBOOK) U. After the Japanese invaded Thailand in 1941, the government split into a pro-Japan faction and a pro-Ally faction backed by the King. The services industry has become a stronger driver of growth than manufacturing (53. 03 percent and the services sector contributed about 56. 9 percent in 2017, the fastest GDP growth since 2012. Although fiscal and monetary policy will support the economy, growth will average a low 2. For Vietnam, 2017 was a good year in terms of exceeding the National Assembly’s economic growth target and overall controlling the inflation. According to the National Economic and Social Development Board's official economic forecast, the Thai economy is expected to grow at a rate of 3-4 percent in 2017, compared to an average of around 3. 9 percent in the third quarter of 2017, driven by the manufacturing , trade and real estate, renting and business activities. The Singapore economy grew 3. Which Asian Country Will Replace China as the 'World's Factory'? Analyzing the “Mighty Five,” countries set to replace China as the workshops of the world. 2 percent in that span. 945 Thai baht for 1 U. Food Processing Industry Thailand's food processing industry has developed. 74 billion U. 2 per cent or RM96. 3% in 2017, with the region’s. LIVESTOCK SECTOR REPORT THAILAND 3 Fig. Analysis of Thailand’s Industrial Competitiveness in ASEAN Economic Community Era: The Case of Automotive Industry Nitipon Tansakul1,2, Kunio Shirahada1 1Japan Advanced Institute of Science and Technology, Nomi, Ishikawa, Japan. 5% in the second quarter of 2019 compared to the previous quarter. 2017 vehicle sales in Thailand up 13. Economic Outlook 2017: Thailand. 8 percent of GDP respectively. 6%, and upgraded its estimate for export. The worldwide public cloud services market is projected to grow 18 percent in 2017 to total $246. 44 percent in 1960. 44 million cars in 2012, the year the subsidy ended. Highlights of the GDP. 50 THB Million from 1993 until 2019, reaching an all time high of 178581 THB Million in the second quarter of 2019 and a record low of 68261 THB Million in the second quarter of 1993. It divides a country's economic output by its population. 3%YOY in 2017. GDP - composition, by sector of origin: agriculture: 8. For example, China's service sector as a share of GDP is growing rapidly and is close to catching up with Thailand. Australia's total wealth was AUD$8. 1pc for these two years. Due in no small part to its cheap, alternative brand of medical tourism, Malaysia's healthcare sector is thriving. 8 billion, up from $209. Global Live Attenuated Vaccine Market By Current Industry Status, Growth Opportunities, Top Key Players, Target Audience And Forecast To 2025 In 2017, the global Live Attenuated Vaccine market. Gross domestic product is the broadest indicator of the economy, measuring the value of final goods and services produced in the U. 3% in 2017, with the region’s. • However, close attention must be paid to whether the world's. Today, most investment opportunities in the hotel industry can be found in areas outside the main tourist hubs. Additionally, 25. Higher growth will gradually resume after the tourism sector improves coupled with support from domestic spending. The two most important sub-sectors of industry are mining and manufacturing, both being major pillars of the nation's economy since the 1970s, thus being engines of economic change and development during Suharto's New Order regime. Thailand’s exports grew by 2. 3 percent year-on-year in the second quarter of 2019, following a 2. Medical tourism booming in Southeast Asia. 8 percent in 2017 to reach $34. The 2017 National Trade Estimate Report on Foreign Trade Barriers (NTE) is the 32nd in an annual series that highlights significant foreign barriers to U. 9 per cent in 2017, reversing a downward growth trend for the first time since 2010 in an indication of strong resilience in the world’s second-largest. Industry (including construction), value added (annual % growth) Industry (including construction), value added (constant 2010 US$) Industry (including construction), value added (constant LCU). Tourism (Visitor Industry) statistics are in a separate category. com uses data from the U. Thailand Automotive Industry Overview 29 Thailand Export Value Target: To manufacture 3,500,000 units in 2020 Contribution to GDP 2016 exports were 1. The industrial sector in Thailand contributed considerably to economic growth during the 1970s and 1980s. 2 per cent or RM96. In Thailand's underage sex industry, the word "trafficking" as we know it in the West, doesn't get used much. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. 0 percent in the previous quarter. sugarcane industry and used to identify various social, economic, and environmental opportunities and challenges in the Thai sugarcane industry at the farm, mill and market (trade) level. 1 percent in 2016 and 3. 3%, which was the strongest GDP drop in 12 years. PESTEL Analysis, SWOT Analysis and Risk Analysis of Thailand Thailand PESTEL Analysis This report covers Thailand's PESTEL (political, economic, social, technological, environmental and legal) analysis. This rate is 1 -tenth of one percent higher than the figure of 4% published in 2017. 7 percent in the 1970s and about 29 percent in the mid-1980s. For Vietnam, 2017 was a good year in terms of exceeding the National Assembly’s economic growth target and overall controlling the inflation. trade in goods with Thailand NOTE: All figures are in millions of U. It is the world's largest economy by nominal GDP and the second-largest by purchasing power parity (PPP). - Announcement of Income Tax (Accelerated Capital Allowance) (Automation Equipment) Rules 2017 -. FDI by country and economic activity_BMD4 and historical BMD3 series. Vision : "All public society use statistics and information as guiding light for the country development and benefits of the Thai people". International Tourism. Thailand’s GDP: Agriculture data was reported at 1,324,140. 1B and its GDP per capita was $6. Such a rate remains significantly higher than the ASEAN regional averages of 3. Having outperformed the global economy for the sixth consecutive year, the industry has proven to be resilient to both geopolitical uncertainty and economic volatility. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports). 1% in 2018 compared to last year. Notwithstanding, the country still suffers from pervasive government controls, inefficient economic policies, corruption, and rural poverty. Details may not equal totals due to rounding. Thailand healthcare, pharma and devices analysis, data forecasts from The EIU to support industry executives' decision-making. Strong growth rates in the tourism industry have resulted in major investments in the country's hotel industry, particularly in the high end of the market. It takes into account the relevant sectoral workplans, and will be reviewed periodically to account for developments in each sector. Despite 4Q2016's lowest growth rate in a year, EIC maintains its views on Thailand's GDP growth at 3. Object Moved This document may be found here. GDP Growth in Thailand from 1980 till 2018. Overview of the Myanmar Economy. The textile industry in Thailand is one of the largest commercial businesses for jobs and economic growth in the country. 1 beds available per 1,000 individuals. infographics_images. Thailand GDP Growth Performance In the 10 years before the global financial crisis, from 1999 to 2008, Thailand’s GDP grew on average 4. Deemed essential to the Malaysian economy, the government has prioritised healthcare spending, injecting RM23bn (US$5. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. In 2017, the U. In response to the many, many requests received and continuing a long tradition here at the Force, I am pleased to bring you the latest turnover rates by industry, provided to us by CompData Surveys. The industry’s total contribution to GDP stood at $ 230 bn in 2017 accounting for 9. This records an increase from the previous number of 1,286,171. Thailand's transportation and storage sector is expected to grow at a faster pace with the disbursement of logistics infrastructure projects valued at $18 billion since end-2015. Website of METI Ministry of Economy, Trade and Industry. Overall R&D expenditures are on the rise in Thailand and have doubled to 1 percent of GDP in the five years to 2017, according to the Office of the National Higher Education, Science, Research and. 9% in 2019 and by 3. Economical Analysis Thailand COUNTRY AT A GLANCE (2015) Population 67. It also has the world's seventh-highest per capita GDP (nominal) and the eleventh-highest per capita GDP (PPP) in 2016. 96 million GDP $395. Thailand's GDP: Agriculture data is updated yearly, averaging 744,962. Economic stability, comparatively well-developed infrastructure and competitive investment incentives have attracted a steady flow of financing to Thailand's manufacturing sector from both foreign and domestic sources, resulting in one of the strongest manufacturing bases in the ASEAN region and the second-largest economy within the trade block. Confidence is expected to return as the country puts a long period of mourning its late King Bhumibol Adulyadej behind it and rallies around Vajiralongkorn, his successor. 2 billion in pharmaceuticals in 2016, a considerable increase from $1. Learn more about the Malaysia economy, including the population of Malaysia , GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom.