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Summary of Country Report

Thailand - December 2011

 Map of Thailand


Recovery from flood disaster in 2012, but exports could falter

  • The economy will contract due to the flood disaster. Total damage is estimated at USD 17 billion.
  • Thailand is expected to rebound in 2012, with GDP forecast to grow 3.8%, helped by reconstruction measures.
  • But a global downturn could hamper a strong recovery.
  • Overall, Thailand shows strong macroeconomic fundamentals, which significantly reduce the country risk.

 

Real GDP growth (%)

Chart: Thailand Real GDP Growth (%)

Source: EIU / IMF

Fiscal balance (% of GDP)

Chart: Thailand Fiscal Balance (% of GDP)

 Source: EIU / IMF

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General Information

Capital: Bangkok
Government type: Constitutional Monarchy
Currency: Baht (THB)
Population: 63.9 million
Status: Lower middle income country
(GDP/capita: US$5,043 in 2011)
 
Main import sources (2010)

  • Japan: 20.8%
  • China: 13.3%
  • Malaysia: 5.9%
  • USA: 5.9%

Main export markets (2010)

  • China: 11.0%
  • Japan: 10.5%
  • USA: 10.4%
  • Hong Kong: 6.7%

 _________________
Date: December 2011

 

 

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