Country map
Thailand
2637
Important Information
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In 2024, Thailand ranked as the 21st largest exporter of the world and the 4th largest of ASEAN region (next below Singapore, Vietnam, and Malaysia). Also, Thailand ranked the 17th largest importer of the world and the 3rd largest of ASEAN region (next below following Singapore and Vietnam.
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In 2024, Thailand's global trade value was approximately amount to 607,339.3 million US dollars also increased by 5.9 percent. The trade value between Thailand and trading partners was at 360,339.9 million US dollars, increased by 4.8 percent. The trade proportion between Thai and trading FTA partners was 59.3 percent of Thailand's total trade volume.
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The International Monetary Fund (IMF) predicts that in 2025, the Thai economy will expand 3.2 percent. This increased from 2024 approximation 2.8 percent. This growth is driven by private consumption, tourism, global economic recovery, and disinflation.
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Thailand was ranked in 25th from 67 countries in the World Competitiveness Ranking 2024 by the International Institute for Management Development (IMD). This statistic represents an improvement of 5 positions from 2023 (Thailand was ranked 30th).
- The Thai government has developed a national development policy plan from 2018 to 2037. This plan is aimed to help Thailand avoid middle income trap by connecting with the national Economic and Social Development he Thirteenth Plan (2023-2027). The thirteenth plan is purposed to accelerate the negotiations of free trade agreement and drive Thailand to be as a gateway to expand investment markets and seek new trading partners.
