Question: What is Thailand’s GDP made of?

What makes up Thailand’s GDP?

The Thai economy was expected to post 3.8% growth in 2019.

Economy of Thailand.

Statistics
GDP by sector Agriculture: 8.4% Industry: 39.2% Services: 52.4% (2012)
Inflation (CPI) −1.1% (2020 est.)
Population below poverty line 9.9% (2018) 8.6% on less than $5.50/day (2018)
Gini coefficient 34.9 medium (2019, World Bank)

What percentage of Thailand GDP is tourism?

In 2020, the tourism industry contributed around 6.78 percent to Thailand’s GDP, which drastically decreased form the previous year due to the coronavirus (COVID-19) pandemic. In that same period, the total value of Thailand’s GDP was around 15 trillion Thai baht.

What is the biggest contribution of Thailand?

The most important contributors are tourism, retail sales, transportation, as well as banking and finance. Tourism is one of the biggest contributors to the sector, while its share alone in total GDP is around 10%. Industry accounts for 42% of Thailand’s total production and its main component is manufacturing.

What are the top 5 industries in Thailand?

Major Industries include: tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts.

What is Thailand known for producing?

Rice is the major crop grown and Thailand is the world’s biggest rice exporter. Other crops grown in the country include: rubber, sugarcane, cassava, fruit, cashew nuts, corn, tobacco, cotton, cocoa, peanuts, soybeans, medical plants, dairy, and fishery products.

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What is Thailand’s main export?

Searchable List of Thailand’s Most Valuable Export Products

Rank Thai Export Product Change
1 Gold (unwrought) +73.9%
2 Computers, optical readers -1.4%
3 Cars -19.9%
4 Integrated circuits/microassemblies -6.4%

Is Thailand richer than Philippines?

Thailand has a GDP per capita of $17,900 as of 2017, while in Philippines, the GDP per capita is $8,400 as of 2017.

What are Thailand’s major imports?

Imports The top imports of Thailand are Crude Petroleum ($18.3B), Integrated Circuits ($8.5B), Petroleum Gas ($7.09B), Vehicle Parts ($6.15B), and Gold ($5.12B), importing mostly from China ($45.7B), Japan ($28.9B), United States ($13.7B), Malaysia ($13B), and Singapore ($9.03B).