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Thailand Business Report

General information
Source: The World Factbook - Central Intelligence Agency
68 414 135
$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.)


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)

0.6% (2017 est.)

Very low


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)

High level of corruption

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

10% standard rate
Corporate Tax

20% standard rate

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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