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Recovery from flood disaster in 2012, but exports could falter
- The economy will contract due to the flood disaster. Total damage is estimated at USD 17 billion
- Thailand is expected to rebound in 2012, with GDP forecast to grow 3.8%, helped by reconstruction measures
- But a global downturn could hamper a strong recovery
- Overall, Thailand shows strong macroeconomic fundamentals, which significantly reduce the country risk
Current account/GDP (%)
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General Information
Capital - Bangkok
Government type - Constitutional monarchy
Currency - Baht (THB)
Population - 63.9 million
Status - Lower middle income country
(GDP/capita: US-$ 5,043 in 2011)
Main import sources (2010)
- Japan - 20.8%
- China - 13.3%
- Malaysia - 5.9%
- USA - 5.9%
Main export markets (2010)
- China - 11.0%
- Japan - 10.5%
- USA - 10.4%
- Hong Kong - 6.7%
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Date December 2011
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