THAILAND

Fact sheets are updated biannually; June and December

General information
Capital: Bangkok Head of State
Land area: 510,890 sq km HM King Maha Vajiralongkorn Bodindradebayavarangkun
Official language(s): Thai Head of Government
Population: 68.8 million (2015) Prime Minister HE General Prayut Chan-o-cha
Currency: Baht

Economic indicators (a) 2011 2012 2013 2014 2015 2016

GDP (US$b) (current prices) 370.6 397.3 419.9 404.3 395.3 390.6
GDP per capita (US$) 5,479.3 5,846.3 6,148.0 5,889.0 5,742.4 5,662.3
GDP PPP (Int'l $b) 913.5 997.6 1,041.1 1,068.4 1,110.4 1,161.3
GDP per capita PPP (Int'l $) 13,505.9 14,680.4 15,243.9 15,561.8 16,130.1 16,835.4
Real GDP growth (% change yoy) 0.8 7.2 2.7 0.8 2.8 3.2
Current account balance (US$b) 8.9 -1.5 -5.2 15.4 31.0 37.7
Current account balance (% GDP) 2.4 -0.4 -1.2 3.8 7.8 9.7
Inflation (% change yoy) 3.8 3.0 2.2 1.9 -0.9 0.3
Unemployment (% labour force) 0.7 0.7 0.7 0.8 0.9 0.8

Australia's trade and investment relationship with Thailand (b)

Australian merchandise trade with Thailand, 2015-16 (A$m) Total share Rank Growth (yoy)
Exports to Thailand 3,590 1.5% 14th -28.4%
Imports from Thailand 14,555 5.4% 4th 19.9%
Total merchandise trade (exports + imports) 18,145 3.5% 5th 5.8%

Major Australian exports, 2015-16 (A$m) Major Australian imports, 2015-16 (A$m)
Crude petroleum 694 Goods vehicles 4,193
Coal 314 Passenger motor vehicles 2,256
Copper 272 Heating & cooling equipment & parts 760
Aluminium 271 Iron, steel, aluminium structures 730
Australia's trade in services with Thailand, 2015-16 (A$m) Total share Rank Growth (yoy)
Exports of services to Thailand 1,033 1.5% 15th 7.0%
Imports of services from Thailand 1,922 2.5% 12th 1.2%
Major Australian services exports, 2015-16 (A$m) Major Australian services imports, 2015-16 (A$m)
Education-related travel 724 Personal travel excluding education 1,257
Personal travel excluding education 116 Transport 502

Australia's investment relationship with Thailand, 2015 (A$m) Total FDI

Australia's investment in Thailand 3,378 1,428
Thailand's investment in Australia 4,119 np
Thailand's global merchandise trade relationships
Thailand's principal export destinations, 2015 Thailand's principal import sources, 2015
1 United States 11.2% 1 China 20.3%
2 China 11.1% 2 Japan 15.4%
3 Japan 9.4% 3 United States 6.9%
6 Australia 4.6% 13 Australia 2.1%

Compiled by the Economic Diplomacy, Trade Advocacy & Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources.
(a) Economic indicators data is from the IMF WEO where available, the EIU or other reputable source. Data may include forecasts or projections for recent years. GNI may be shown in lieu of GDP for countries where GDP data is unavailable.
(b) Merchandise trade data is based on published and unpublished ABS data. May exclude confidential items of trade. Totals may not add up due to rounding. Investment data is stocks as at end December.
All data may be subject to future revisions.
GDP - Gross Domestic Product PPP - Purchasing power parity GNI - Gross National Income na - Data is not available np - Data is not published .. - Data is not meaningful Primary - Primary goods STM - Simply transformed manufactures
ETM - Elaborately transformed manufactures Other - Other goods including non-monetary gold f.c.f. - Fresh, chilled or frozen nes - Not elsewhere specified