North America

Central & South America

Europe

Africa

Asia & Middle East

Southeast Asia & Oceania

map

Thailand Business Report

General information
Source: The World Factbook - Central Intelligence Agency
flag
Population
68 414 135
GDP (PPP)
$1.229 trillion (2017 est.)

Third largest economy in Southeast Asia - Pacific

GDP growth rate
3.7% (2017 est.)

Medium to high, recovering from the slowdown due to the 2014 military coup

GDP (PPP) per capita
$17,800 (2017 est.)

Low

Local currency
Thai Baht (THB)

The currency crashed during the Asian financial crisis of the late 1990s, but it is now a stable currency

Financial stability (Public debt)
44.1% of GDP (2017 est.)

Medium to low (increasing from the previous year)

Inflation
0.6% (2017 est.)

Very low

Language
Thai

English is a secondary language of the elite, it is spoken as a foreign language in major cities, and English signs are widespread

Corruption perception index (Source: Transparency International)
96/180

High level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

10% standard rate
Corporate Tax

20% standard rate
Duties

Duties are levied on a specific or an ad valorem basis, whichever is higher, and the applied ad valorem duties range between 0% and 80%

If you are looking for an Asia importer, Globartis is the place for you!

Visit our Explore Opportunities page and find thousands of Asia companies.

On Globartis, you can connect with Thailand manufacturers and Thai companies, and start doing business in Thailand. Grow your Thailand business with our platform: whether you are looking for Thailand export or Thailand import, Globartis is the place where you can find the right Thailand company.

If you want to carry on your Asia trade from a big city in Asia, you can start doing business in Kuala Lumpur, one of the best places for business in Asia.

Join now our business network for free and develop your business in Asia!

Copyright © Globartis 2021 - Version 3.2.1 - Last update 04-sep-21 - Powered with by  Giplo