Thailand is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Thailand may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Each year Thailand exports about US$225.4 billion and imports about US$219 billion. 1.1% of the country's population is unemployed. The total number of unemployed in Thailand is 761,015. In Thailand, 13.2% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Thailand is low, indicating that there is a stable economy. Investors should consider Thailand as a safe place for investment and other financial ventures. Government spending on education is 4.1% of GDP. The country's Gini index is 39.4. Thailand is experiencing good equality. The majority of citizens in Thailand fall within a narrow income bracket, although some cases can show significant differences. Thailand has a Human Development Index (HDI) of 0.722. Thailand has an upper middle HDI score. This indicates that the majority of citizens will be able to lead a worthwhile life, although some citizens will not be able to achieve a high standard of living. The Global Peace Index (GPI) for Thailand is 2,303. The Index of Strength of Legal Rights for Thailand is 3. Overall, it is considered rather insufficient - bankruptcy and collateral laws can protect the rights of borrowers and lenders to some extent; Credit information may be sufficient but scarcely available, or conversely, available but not sufficient.
The currency of Thailand is Thai baht. The plural form of the word Thai baht is bahts. The symbol used for this currency is ฿, and it is abbreviated as THB. The Thai baht is divided into Satang; there are 100 in one baht.
According to the S&P credit-rating agency, Thailand has a credit rating score of BBB+, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Thailand has a credit rating score of BBB+, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Thailand has a credit rating score of Baa1, and the prospects of this rating are stable.
In Thailand, the institution that manages the state's currency, money supply, and interest rates is called Bank of Thailand. Locally, the central bank of Thailand is called ธนาคารแห่งประเทศไทย. The average deposit interest rate offered by local banks in Thailand is 2%.
Thailand has a government debt of 43.3% of the country's Gross Domestic Product (GDP), as assessed in 2012.
The corporate tax in Thailand is set at 20%. Personal income tax ranges from 0% to 35%, depending on your specific situation and income level. VAT in Thailand is 7%.
Total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Thailand is US$1069569 billion. The gross domestic product (GDP) per capita in Thailand, calculated as purchasing power parity (PPP), was last at 15 million US dollars. PPP in Thailand is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Thailand is 420.167 billion. Based on this statistic, Thailand is considered as one large economy. Countries with large economies support a variety of industries and businesses and offer numerous opportunities for investment. Large economies support a significant financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good investment opportunities in Thailand. The gross domestic product (GDP) per capita in Thailand was last at 6 million US dollars. The average citizen in Thailand has very little wealth. Countries with very low wealth per capita often have lower life expectancies and a dramatically lower quality of life for their citizens. In countries with very low levels of prosperity, it can be very difficult to find a highly skilled workforce as it is difficult for citizens to obtain the education required for specialized industries. However, labor can be found at very low rates compared to countries with higher wealth per capita. The annual GDP growth rate in Thailand averaged 1% in 2014.