ECONOMY. Thailand has a benefit-situation market economy driven by sound foreign investments and export oriented manufacturing especially in electronics, foods and automobiles. Thailand’s exports account for 60% of the country’s GDP. Thailand experienced mighty economic grow prior to the Asian economic crisis of 1997 subsequent to than than GDP exaggeration averaging 9.4% annually. However, the crisis adversely affected businesses in Thailand and saw the value of the Thai Baht subside by more than 50% adjoining the US dollar. Since the crisis, the economy has grown coarsely a accumulation lane.
Thailand’s GDP was US$163.5 billion behind a GDP per capita of US$2,537 in 2004. Thailand’s GDP grew by an average of 4.6% annually from 2000 to 2004 driven mainly by exports of high technology products mainly electronics. Inflation remained numb 2.0% from 2000 to 2003 but increased to 2.8% by 2004. However, unemployment showed a declining trend from 3.6% in 2000 to 1.8% by 2004.
Nearly 60% of Thailand’s workforce is working in the agriculture industry but contributed to only 9.8% of the country’s GDP in 2004. The facilities industry contributed towards 46.1% of Thailand’s GDP and manufacturing 44.1% during the become out of date-fashioned. Major industries add going on tourism, electronics, textiles and garments, processed foods, beverages, agriculture fabricate, jewellery, furniture, plastics, vehicles and vehicle parts and mining of tungsten and tin. Major agriculture products tallying together rice, tapioca, rubber, corn, sugarcane, coconuts, soybean and milk.
DEMOGRAPHY. Ethnic Thais account for 75% of Thailand’s 65 million population and choice 11% are Chinese or Sino-Thais who have assimilated into the Thai culture or are from polluted marriages. Minorities fasten Malays who lived mainly in southern Thailand and account for 4% of the population. Others insert the Mon, Lao, Khmers, Puan and Karen minorities and immigrants from India. Nearly 95% of the country’s population are Buddhists even though Malays in Thailand are predominantly Muslims. Thai is the national language even though languages used by the minorities relationship Malay, Isan and Khmer. Schools teach English but aptitude is low and generally, the educated elite are more gifted considering the language.
The majority of the Thai population yet bring to cartoon in the rural communities even even though the proportion of the urban population is increasing. Thailand’s urban population increased from 22% of the sum population in 2000 to 31% by 2004. Thailand’s capital and major city Bangkok accounts for on the subject of 8% of the country’s make a attainment of population. Other major cities add together Nonthaburi, Pak Kret, Hat Yai, Nakhon Ratchasima, Chiang Mai and Udon Thani.
Thailand successfully edited the poverty level from 27% in 1990 to 10% by 2004. The proportion of the population categorised belonging in the low-pension household is estimated at 60% even if middle and high-pension households account for 30%. The average household allowance in Bangkok is twice than the national average.
INFRASTRUCTURE. Telecommunication facilities to the general public are overall gratifying. Internet broadband facilities are mostly concentrated in Bangkok. Cities and towns are swiftly joined by roads but lacks super highways connecting Thailand’s cities and major towns. Cities the major towns are served by airports and quickly similar by buses and rail system.
INTERNATIONAL TRADE. Thailand’s major trading intimates add occurring Japan, US, China, Hong Kong, Singapore, Malaysia and Taiwan. Main exports from Thailand adjoin electronics, vehicle and vehicle parts, textiles, garments, footwear, seafood, processed foods, rice, rubber, jewellery, electrical appliances including computers. Main imports p.s. machineries and equipments, raw materials and done products, consumer goods and fuels.
CONSUMER USAGE OF TECHNOLOGY. There were vis–vis 17.3 million installed unadulterated-origin telephones in 2004 giving a intelligence of 40% of the entire Thai homes installed previously telephones. The intensity of mobile phones increased from just 7% of the population in 2001 to 42% or 27 million mobile phones by 2004. The insight of computers is yet low but increased from 5.1% of the households in 2001 to on 12% by 2004. The number of internet users reached an estimated 8 million in 2004 but most of the internet users are concentrated in Bangkok and the major cities and towns. The insight of television in homes in 93% indicating many low-allowance homes have televisions.
RETAIL MARKET. The retail industry in Thailand totalled an estimated US$24.5 billion in 2004. There are almost 300,000 stated “mom and pop” stores in Thailand accounting for 65% of the good idea retail sales. However, there are 4,500 protester retail establishments (hypermarkets, supermarkets, department stores and user-amiability stores) accounting for 35% of the innocent retail sales. Most of the terribly developed retail establishments are located in Bangkok. Shopping in protester retail establishments is increasingly popular and more establishments period-privileged in the close difficult.For more information click here seo packages malaysia
FOOD CULTURE. Rice is the staple food but even though those in central and southern Thailand select white fragrant rice those in northern Thailand prefer the glutinous variety. Thai dishes are generally hot and spicy but foods from the northern region are generally milder. Thais are less adapting to western foods even though they could afford it compared to consumers in Singapore and Malaysia. However, bakery and coffer shop chains are gaining popularity along in the middle of teenager professionals who have adapted to western culture.