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 (%)

Download full country report on Thailand

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