North America
Central & South America
Europe
Africa
Asia & Middle East
Southeast Asia & Oceania
Thailand Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
68 414 135GDP (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
ThaiEnglish 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)
96/180High 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%
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