Thailand is an emerging economy and considered as a newly industrialized country. Thailand enjoyed the world's highest growth rate from 1985 to 1996 – averaging 9.4% annually. In 1997 the economy contracted by 1.9% and incread pressure on Thailand's currency, the baht, led to a crisis that uncovered financial ctor weakness and forced the Chavalit Yongchaiyudh administration to float the currency. However, Prime Minister Chavalit Yongchaiyudh was forced to resign after his cabinet came under fire for its slow respon to the crisis. The baht was pegged at 25 to the US dollar from 1978 to 1997, however, the baht reached its lowest point of 56 to the US dollar in January 1998 and the economy contracted by 10.8% that year. This collap prompted the Asian financial crisis.
Thailand's economy started to recover in 1999, expanding 4.2% and 4.4% in 2000, thanks largely to strong exports. Growth (2.2%) was dampened by the softening of the global economy in 2001, but picked up in the subquent years owing to strong growth in Asia, a relatively weak baht encouraging exports and increasing domestic spending as a result of veral mega projects and incentives of Prime Minister Thaksin Shinawatra, known as Thaksinomics. Growth in 2002, 2003 and 2004 was 5–7% annually. Growth in 2005, 2006 a
nd 2007 hovered around 4–5%. Due both to the weakening of the US dollar and an increasingly strong Thai currency, by March 2008, the dollar was hovering around the 33 baht mark.
Thailand exports an increasing value of over $105 billion worth of goods and rvices annually.[54] Major exports include Thai rice, textiles and footwear, fishery products, rubber, jewellery, cars, computers and electrical appliances. Thailand is the world’s no.1 exporter of rice, exporting more than 6.5 million tons of milled rice annually. Rice is the most important crop in the country. Thailand has the highest percentage of arable land, 27.25%, of any nation in the Greater Mekong Subregion.[55] About 55% of the arable land area is ud for rice production.[56]
Substantial industries include electric appliances, components, computer parts and cars, while 经常英语tourism in Thailand makes up about 6% of the economy. Prostitution in Thailand and x tourism also form a de facto part of the economy. Cultural milieu combined with poverty and the lure of money have caud prostitution and x tourism in particular to flo
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urish in Thailand. One estimate published in 2003 placed the trade at US$4.3 billion per year or about three percent of the Thai economy.[57] According to rearch by Chulalongkorn University on the Thai illegal economy, prostitution in Thailand in the period between 1993 and 1995, made up around 2.7% of the GDP.[58] It is believed that at least大阪城公园 10% of tourist dollars are spent on the x trade.[59]
The economy of Thailand is an emerging economy which is heavily export-dependent, with exports accounting for more than two thirds of gross domestic product (GDP).
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Thailand has a GDP worth 8.5 trillion Baht (on a purchasing power parity (PPP) basis), or US$627 billion (PPP). This classifies Thailand as the 2nd largest economy in Southeast Asia after Indonesia. Despite this, Thailand ranks midway in the wealth spread in Southeast Asia as it is the 4th richest nation according to GDP per capita, after Singapore, Brunei and Malaysia.
It functions as an anchor economy for the neighboring developing economies of Laos, Bu
绚丽多彩的什么rma, and Cambodia. Thailand's recovery from the 1997–1998 Asian financial crisis depended mainly on exports, among various other factors. Thailand ranks high among the world's automotive export industries along with manufacturing of electronic goods.
Most of Thailand's labor force is working in agriculture. However, the relative contribution of agriculture to GDP has declined while exports of goods and rvices have incread.[1]
Tourism revenues are on the ri. With the instability surrounding the recent coup and the military rule, however, the GDP growth of Thailand has ttled at around 4-5% from previous highs of 5-7% under the previous civilian administration, as investor and consumer confidence has been degraded somewhat due to political uncertainty.
The incumbent elected civilian administration under Samak Sundaravej in power from January 29 to September 9, 2008 stated that the economy will have grown by 5.5% to 6% by the end of 2008. Due to rising oil and food prices, the annual inflation rate for 2008 shot up to 9.2% in July; a 10-year high, but it will unlikely reach double digit rates later thi
s year as oil and food prices are stabilizing
Thailand generally us the metric system but traditional units of measurement for land area are ud, and imperial measure (feet, inches etc.) are occasionally ud with building materials such as wood and plumbing sizes. Years are numbered as B.E. (Buddhist Era) in education, the civil rvice, government, and on contracts and newspaper datelines; in banking, however, and increasingly in industry and commerce, standard Western year (Anno Domini [A.D.], Christian or Common Era) counting prevails.[60]
The Asian Financial Crisis was a period of financial crisis that gripped much of 森林仙子Asia beginning in July 1997, and raid fears of a worldwide economic meltdown due to 学生处financial contagion.预备党员要交党费吗
The crisis started in Thailand with the financial collap of the Thai baht caud by the decision of the Thai government to float the baht, cutting its peg to the USD, after exhaustive efforts to support it in the face of a vere financial over extension that was in
part real estate driven. At the time, Thailand had acquired a burden of foreign debt that made the country effectively bankrupt even before the collap of its currency. As the crisis spread, most of Southeast Asia and Japan saw slumping currencies, devalued stock markets and other ast prices, and a precipitous ri in private debt.[1]
