With an estimated 64 million inhabitants Thailand is the world’s 20th-most-populous country and was ranked as the 32d largest economy in the world in 2013.
Thailand experienced the world’s highest growth rate from 1985 to 1996, averaging 12.4% annually, to be today the 2nd largest economy in Southeast Asia after Indonesia, with a GDP growth of 6.5 percent in 2012.
Agriculture: Rice, fishery products and rubber.
Industry: Major exports include textiles and footwear, jewellery, cars, computers parts and electrical appliances.
Main export partners are China (11.1%), Japan (10.2%), United States (9.9%), Hong Kong (5.7%), Malaysia (5.4%), Indonesia (4.9%), Singapore (4.7%) and Australia (4.3%)
Future performance depends on continued reform of the financial sector, corporate-debt restructuring, attracting foreign investment and increasing exports. Thailand is experiencing as well a growing shortage of engineers and skilled technical personnel.
But the main issue remains the political instability, which will have an impact on the GDP growth in 2014.
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