Thailand Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about Thailand including its PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
Thailand is a country located at the center of the Indo-china peninsula in Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the southern extremity of Burma. Thailand is a constitutional monarchy. The Thai maritime boundaries include Vietnam in the Gulf of Thailand to the southeast, and Indonesia and India in the Andaman Sea to the southwest.
Thailand is expected to have a population of 70.183 million in the year 2023 and is expected to reach 70.394 million by 2027, growing at a CAGR of 0.08%.
Thailand’s real gross domestic product (GDP) was THB 10,246.54 billion in 2020 and while recovering from the COVID-19 impact it increased by 1.54% to be around THB 10,407.03 billion in 2021. It is further expected to increase by 3.51% and reach THB 12,802.94 billion by 2027.
Thailand’s unemployment rate was 1% of the total labor force in 2022. It is expected to remain constant till 2027.
Thailand’s per capita GDP was USD 7,448.99 whereas purchasing power parity (PPP) based per capita GDP was USD 21,057.275 for the year 2022.
In 2022, Thailand's government’s revenue was THB 3,366.935 billion whereas the expenditure was THB 4,380.675 billion. This resulted in Thailand's government’s net lending/borrowing negative at THB 1,013.741 billion in 2022 indicating that not enough financial resources were made available by the Thailand government to boost economic growth.
The current account balance for Thailand was negative at USD 0.401 billion for the year 2022 and is expected to increase at a CAGR of 123.82% and reach a positive USD 22.526 billion by 2027. This positive current account balance indicates that Thailand will become a net lender to the rest of the world till 2027.
Scope of Thailand Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- This report provides information about key macroeconomic indicators for Thailand.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Thailand.
- This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for Thailand.
- This report provides a risk analysis for Thailand.
- This report provides information on the Coronavirus (COVID-19) pandemic related policy response in Thailand.
Table of Contents
1. Executive Summary
- Scope of Thailand Snapshot - PESTLE, SWOT, Risk Macroeconomic Analysis Report
- Research Methodology
2. PESTLE Analysis of Thailand
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment/Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending/Borrowing
2.2.4.4 Government Gross Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT Analysis of Thailand
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. Risk Analysis of Thailand
5. COVID-19 Related Policy Response of Thailand
5.1 Coronavirus (COVID-19) Containment Measures of Thailand
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by Thailand
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by Thailand
5.4 Coronavirus (COVID-19) Related Employment Policy Measures by Thailand
5.5 Coronavirus (COVID-19) Related Social Policy Measures by Thailand
5.6 Coronavirus (COVID-19) Related Policy Measures for MSMEs by Thailand
List of Exhibits
Notes
Company Information
List of Exhibits
Exhibit 2.1 Real GDP of Thailand (in THB billion) 2020-2027
Exhibit 2.2 Nominal GDP of Thailand (in THB billion) 2020-2027
Exhibit 2.3 Nominal GDP of Thailand (in USD billion) 2020-2027
Exhibit 2.4 GDP Deflator Index for Thailand 2020-2027
Exhibit 2.5 Per Capita GDP of Thailand (in USD) 2020-2027
Exhibit 2.6 PPP Per Capita GDP of Thailand (in USD) 2020-2027
Exhibit 2.7 Total Investment of Thailand (in %) 2020-2027
Exhibit 2.8 Gross National Savings of Thailand (in %) 2020-2027
Exhibit 2.9 Consumer Price Index (CPI) Inflation of Thailand 2020-2027
Exhibit 2.10 Change in Import Volume of Goods & Services of Thailand (in %) 2020-2027
Exhibit 2.11 Change in Export Volume of Goods & Services of Thailand (in %) 2020-2027
Exhibit 2.12 Government Revenue of Thailand (in THB billion) 2020-2027
Exhibit 2.13 Government Revenue of Thailand (in % of GDP) 2020-2027
Exhibit 2.14 Government Expenditure of Thailand (in THB billion) 2020-2027
Exhibit 2.15 Government Expenditure of Thailand (in % of GDP) 2020-2027
Exhibit 2.16 Government Net Lending/Borrowing of Thailand (in THB billion) 2020-2027
Exhibit 2.17 Government Net Lending/Borrowing of Thailand (in % of GDP) 2020-2027
Exhibit 2.18 Government Gross Debt of Thailand (in THB billion) 2020-2027
Exhibit 2.19 Government Gross Debt of Thailand (in % of GDP) 2020-2027
Exhibit 2.20 Current Account Balance of Thailand (in USD billion) 2020-2027
Exhibit 2.21 Current Account Balance of Thailand (in % of GDP) 2020-2027
Exhibit 2.22 Thailand - Top 10 Export Countries (in USD billion) & % Share 2021
Exhibit 2.23 Thailand - Top 10 Import Countries (in USD billion) & % Share 2021
Exhibit 2.24 Population of Thailand (in million) 2020-2027
Exhibit 2.25 Unemployment Level in Thailand (in %) 2020-2027
Exhibit 3.1 SWOT Analysis of Thailand
Exhibit 5.1 Covid-19 Policy Response for Supporting MSMEs by Thailand
Samples
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