Mining, manufacturing, and utilities activities contributed 32.5% to the gross value added (GVA) in 2022, followed by wholesale, retail, and hotel activities (19.9%), and financial intermediation, real estate, and business activities (13.8%). In nominal terms, the three sectors are expected to grow by 3.1%, 3.3%, and 3.3%, respectively, in 2023.
Bangkok metropolitan region accounted for 30.3% of Thailand’s gross domestic product and 15.3% of the country’s population in 2022, according to the publisher's cities database.
Bangkok metropolitan region accounted for 30.3% of Thailand’s gross domestic product and 15.3% of the country’s population in 2022, according to the publisher's cities database.
Key Highlights
The SET Index exhibited a downward trend over the past year. As of October 4, 2023, the index stood at 1,448.5, compared to 1,578.0 on October 4, 2022.Scope
- The Cabinet approved a THB337.8 billion ($9.6 billion) infrastructure plan for the Eastern Special Development Zone (2023-2027). The program targets upgrading 77 transport network projects through promotional measures and advanced technologies.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- List of Exhibits
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
Exhibit 1: Thailand’s performance in terms of its country risk analysis in comparison to Asia-Pacific and the World average
Exhibit 2: Performance overview (score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: Thailand Stock Exchange Index - SET Index
Exhibit 5: Key sectors’ contribution to the economy
Exhibit 6: FDI inflows, FDI outflows, FDI inward stock and FDI outward stock (2018-22)
Exhibit 7: Greenfield FDI projects and net cross border M&A deals (2018-22)
Exhibit 8: Key infrastructure indicators
Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
Exhibit 10: Real GDP growth rate comparison (2022)
Exhibit 11: Volume of exports and imports growth (2018-25f)
Exhibit 12: Current account balance (2018-25f)
Exhibit 13: Top three commodity exports, % of total exports (2018-22)
Exhibit 14: Exports of electrical machinery and equipment and parts thereof, % share of the world’s total (2022)
Exhibit 15: Interest rates (September 2018 - September 2023)
Exhibit 16: Exchange rate and inflation (2018-25f)
Exhibit 17: General government deficit (2018-25f)
Exhibit 18: General government debt (2018-25f)
Exhibit 19: Unemployment rate (2018-25f)
Exhibit 20: Average annual wages (2018-25f)
Exhibit 21: Labor cost index (2018-25f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
Exhibit 26: Number of patents granted per million population (2022)
Exhibit 27: High-technology exports, % of manufactured exports (2021)
Exhibit 28: Rule of law (rankings)
Exhibit 29: Corruption perceptions index (rankings) (2022)
Exhibit 30: Renewable energy capacity (2017-21)
Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ptt
- Cpall
- ThaiBev
