Economy

Thailand Economy

Thailand has benefitted from decades of rapid industrial development to become an upper middle-income economy, with GDP growth averaging more than 7% from the 1950s to the 1990s. However, more recent decades have been marked by an ongoing struggle to escape the middle-income trap. Growth sank in 2014 following a military coup, although political stability and solid macroeconomic fundamentals saw the country’s economic recovery continue in 2016, as GDP growth rose to a three-year high and export receipts increased for the first time since 2012. This chapter contains interviews with Somkid Jatusripitak, Deputy Prime Minister; Porametee Vimolsiri, Secretary-General, National Economic and Social Development Board; and Yol Phokasub, President, Central Group.

Previous chapter from this report:
Country Profile, from The Report: Thailand 2017
First article from this chapter and report:
Public funding supports Thailand's industries
Cover of The Report: Thailand 2017

The Report

This chapter is from the Thailand 2017 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Kalin Sarasin, Chairman
Kalin Sarasin, Chairman, The Thai Chamber of Commerce and Board of Trade of Thailand: Interview