Thailand Gdp 2018

Thailand's demography should instead impart a sense of economic urgency. 3 million businesses, website publishers, and nonprofits nationwide. salary increase budgets will grow by 3. 5 pct * Exports seen up 5. This year also marks the 70 th Anniversary of the Bank's partnership with the Kingdom of Thailand. Thailand 53255-001 23 Sep 2019 Energy Absolute Green Bond for Wind Power Project; Regional, Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, Thailand 53117-001 12 Aug 2019 Supporting the Implementation of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation Initiatives. The agenda focuses on smart cities and IoT development to achieve Digital Thailand. 9% in 2017 due to external demand - the best growth performance since 2012. 76 USD Billion in 1960. 3 million 15. 4 percent of gross domestic product (GDP), equal to $37 billion, and piled up foreign reserves of $202 billion. The fall of one pillar would be a significant blow, but the fall of all three at the same time has had a significant impact. The Thai economy is expected to post 3. 5%, and it is expected to grow to 3. Governments, businesses, and. Access the latest politics analysis and economic growth summary through 2011 for Thailand from The Economist Intelligence Unit Thailand Economy, Politics and GDP Growth Summary - The Economist Intelligence Unit. CPI increases 0. Gross Domestic Product, 3rd quarter 2018 (advance estimate) Real gross domestic product (GDP) increased at an annual rate of 3. Tourism and government spending - mostly on infrastructure and short-term stimulus measures – have helped to boost the economy, and The Bank of Thailand has been supportive, with several interest rate reductions. Global growth forecasts for 2018 and 2019 have been revised upward by to 3. Figure 11: Inflation Rose Sharply and Surpassed in March 2018 the eiling of the entral ank’s economic growth, while. th Thailand is ranked 44th in the GII 2018, moving up 7 positions from the previous year. 7 per cent and. 4%, respectively. (Use this invitation code “VMB 30021” to get the digital show directory and a chance to. Thailand delivered its best annual GDP growth in five years with 4. Trade Representative. The macroeconomic situation and key data about the Thai economy can be found in Thailand’s Exporter Guide Report dated January 19, 2018. 3 percent (+/- 0. Economic losses in China would matter for the rest of the world: the country is responsible for more than a quarter of the growth in today’s global economy and is projected to remain the world. 69 trillion Thai. But after Thailand’s 2006 coup, economic growth held steady and tourism slowed only slightly. The Gross Domestic Product (GDP) in Thailand expanded 2. Economic Outlook Report 2019 05 Global growth has eased but remains robust with projected GDP of 3. " Topics: economic-trends, business-economics-and. Thailand's exports include electronics, agricultural commodities, automobiles and parts, and processed. FocusEconomics Consensus Forecast panelists expect inflation to average 1. 0% in 2018 and by 4. Thailand, the second largest economy in ASEAN after Indonesia, is an upper middle-income country with an open economy and a gross domestic product (GDP) of $404 billion and 3. We are raising our GDP growth forecast to 3. 3 Million GDP : RM1,431. The economy has been expanding for more than a decade, the longest period of growth on record. The Thai economy improved over the course of 2017, recording year-on-year (y-o-y) growth of 3. 09 percent with a minumum of 48. 2 per cent in 2018 and between 3. Thailand LAB INTERNATIONAL 2018 will be from 12 to 14 September 2018 at EH 102-103, BITEC, Bangkok, Thailand. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U. It is also part of a bigger objective for a more circular and sustainable economy, especially increasing the quantity of material that goes back into product and circulation again. Overall economic activity in the first quarter of 2018 continued to expand from the previous quarter, driven mainly by exports and tourism sector. All suggestions for corrections of any errors about GDP - real growth rate (%) should be addressed to the CIA. 90 USD in 1960. Obviously, as the group’s biggest economy, Indonesia has been the leading voice on the Indo-Pacific concept. BANGKOK • Thailand's economy expanded at a slower pace in the April-June period and tourism decelerated, but the state planning agency kept its 2018 growth forecast at 4. GLOBAL ECONOMIC PROSPECTS | JANUARY 2018 EAST ASIA AND PACIFIC 77 FIGURE 2. The number of tourists is projected to reach 37. The Thai economy is expected to post 3. A potential broadening of the economic recovery in 2018 will depend on progress in the implementation. Jan 01, 2018 · This May Be as Good as It Gets for Thailand's Economic Growth By according to a Bloomberg survey. GDP in Thailand averaged 129. The Thai economy has reached five-year highs. According to Ministry of Tourism, Thailand welcomed 38. 4% growth in the same period a year ago,. But a grey future is no excuse for a sedentary present. Economic Performance in Second Quarter 2018 The Singapore economy grew by 3. In addition, several emerging markets are facing an economic crisis. Reflections on the Thai Economy and Society by Krongkaew, Medhi National Institute of Development Administration, Bangkok, 2018 Pp. gross domestic product by year is a good overview of economic growth in the United States. $36 billion in 2018. The global economy seems to be gaining momentum,. 7 percent in 2018 to total U. In 2018, unemployment rate for Thailand was 1. The Global Competitiveness Report 2018 Economy Profiles. Interested media representatives are advised to register according to the following guidelines: 1. Thailand is one of the fastest growing cities in Asia in economic terms, and economic conditions in the country are improving. 5 percent and 4. 316 trillion baht, the 8th largest economy of Asia. 99 USD Billion in 2018 and a record low of 2. 8 billion in revenues and $14. " Topics: economic-trends, business-economics-and. 8 % in the previous quarter. Economic Outlook Report 2019 05 Global growth has eased but remains robust with projected GDP of 3. This is a high-profile case that pits a powerful Thai family against a reputable global luxury hotel brand. The estimate of U. 0 pct vs previous 3. 2% Population : 68 million 1 3 4 World Bank ranks Thailand 5th for its ease of doing business among East Asia & Pacific countries for 2016 IMD World Competitiveness ranks Thailand 28th out of. 94% in 2015 and 3. Thailand International Cooperation Agency Approved candidates for AITC 2018. 3 % YoY in Jun 2019, following a growth of 2. 6 % in the previous quarter. 6%, in the second quarter of 2018, compared with 0. 91% in 2014, 2. The Global Economy in 2018 Nov 28, 2017 Michael Spence The global economy will confront serious challenges in the months and years ahead, and looming in the background is a mountain of debt that makes markets nervous - and that thus increases the system's vulnerability to destabilizing shocks. 2% in 2018 and 1. Mega Projects to Drive Thailand’s Economic Growth 1. 3 million 15. Thailand: Industrialization and economic catch-up. 5 percent in 2017 and 3. The agricultural sector, comprised mostly of small-scale farms, contributes only 10% of GDP but employs about one-third of the labor force. Philippine GDP grows by 6. Details may not equal totals due to rounding. 0 roadmap – an economic model designed to transform the economy through greater investments in digital technology and innovation – the Thai. 29, 2018, file photo, members of Indonesian Coast Guard remove debris recovered from the waters near where a Lion Air passenger jet is suspected to crash, at Tanjung Priok. Tighter regulations led to a significant slowdown of house price growth in Tier 1 and 2 cities. 1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber. 7 percent in 2018 from 3. 23 USD Billion from 1960 until 2018, reaching an all time high of 504. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. 3% in the July-September period. GDP in Thailand averaged 129. The Economic Pulse of the World - May 2018 The Economic Pulse of the World - May 2018 The average global economic assessment of national economies surveyed in 28 countries is remains unchanged this wave with 47% of global citizens rating their national economies as ‘good’. Thailand had a 2017 GDP of US$1. This allows U. by Rishi Iyengar @Iyengarish August 31, 2018: 9:41 AM ET India's path to double-digit growth India's economy is racing ahead, shrugging off global trade tensions and a sharp fall in its currency. This was the fastest expansion since the 7. Real Wages & Salaries 2018 Q1 17,109 17,755 Mil. 3 million businesses, website publishers, and nonprofits nationwide. This rate of growth is faster than the global average of 3. 1% in 2019 – ADB Report. Thailand is a fairly developed economy with an upper-middle-income status. The proportion of elderly is rising faster in Thailand than in China. One measure focuses on a project dubbed “THB100 visit to all parts of Thailand”. Victims are often trafficked into Thailand through established migration routes from neighbouring states with significantly lower levels of socio-economic development. Print Edition Thai Q1 GDP grows at fastest pace in five years Thai dancers performing during the opening ceremony of the Amazing Thailand Tourism Year 2018 parade in Bangkok last November. World Bank national accounts data, and OECD National Accounts data files. Solid second quarter but year over year growth only gets to 2. The Republic's economic growth is expected to remain firm in 2018 though expansion could moderate slightly from this year, the Monetary Authority of Singapore (MAS) said in its latest. That slowdown could be worrisome for President Donald Trump, who is seeking re-election next year amid an impeachment. BANGKOK, April 9, 2018 – Thailand’s economy is expected to grow by 4. Beijing is leveraging its commercial and military might to redraw the terms of trade, diplomacy and security, challenging the liberal democratic order. The 18th ASEAN Economic Community (AEC) Council Meeting took place in the Thai province of Nonthaburi on October 31 to prepare for the 35th ASEAN Summit slated for the next few days. 3%, the fastest in three quarters. Thailand Raises 2018 GDP to 4. Available data suggests economic growth accelerated in the third quarter from the near five-year low in the second quarter, although the pace of expansion is likely to have remained relatively lackluster nonetheless. 4 percent of gross domestic product (GDP), equal to $37 billion, and piled up foreign reserves of $202 billion. With its superior geographic. The price index for gross domestic purchases increased 2. The magazine expects India to rise to fifth place in 2019 from seventh, and France to remain at sixth. GDP Growth in Thailand from 1980 till 2018. It should, however, be kept in mind that Bangladesh is a much smaller country with a population of 161 million - against India's 1,351 million - and a GDP size of $274 billion - against India's $2. GDP growth is estimated at 3. The country's economy appears resilient and, according to IMF, is expected to advance at a moderate pace despite domestic political uncertainty. In total, there were 16 Thai companies on the 2013 Forbes Global 2000 list. Thailand’s economic recovery is broadening in 2018. World Bank Open Data Free and open access to global development data. This report is complemented by a range of other. Thailand is a fast emerging country that aspires to become a high-income economy by 2037. The economy grew at the fastest pace in six years in 2018, with the fourth-quarter performance beating expectations on higher domestic demand and growing tourism arrivals. Exports this year are expected to grow by 8% in US dollar terms, but are tipped to drop to 4-5% next year. This is a. of economic growth in Thailand and is an increasingly large component of Thailand’s GDP. The gross domestic product (GDP) from April to June 2018 is lower than the revised 1st quarter figure of 6. Thailand's Nominal GDP reached 133. Thailand's 2017 GDP was boosted mainly by export and tourism, but we expect to see a more broad-based recovery in 2018. In 2018, GDP per capita for Thailand was 7,187 US dollars. The United States can ensure the development of a strong middle class in Thailand through its investment in Thai businesses. gross domestic product by year is a good overview of economic growth in the United States. Jan 01, 2018 · This May Be as Good as It Gets for Thailand's Economic Growth By according to a Bloomberg survey. Agriculture plays an important role in Thailand's transition to an industrialized economy. 5 pct from 3. The capital of Thailand is Bangkok, and the city's metropolitan area is the preeminent urban center in the country. 50 trillion, compared with an increase of 4. The seminar was attended by 221 Japanese executives. 5 billion in 2017) compared with Singapore's US$349. Thailand is the second largest economy in Southeast Asia after Indonesia. Thailand's household debt to GDP ratio is updated yearly, available from Dec 2003 to Dec 2018. Victims are often trafficked into Thailand through established migration routes from neighbouring states with significantly lower levels of socio-economic development. com until 30 June 2018. Thailand: Economic activity expands at fastest clip in five years in the first quarter of 2018 May 24, 2018 The Thai economy moved full steam ahead in the first quarter, registering the quickest pace of expansion in five years on the back of a pick-up in private consumption and robust foreign demand. GLOBAL ECONOMIC PROSPECTS | JANUARY 2018 EAST ASIA AND PACIFIC 77 FIGURE 2. 3 percent next year. Economic Outlook Report 2018 08 The region remains resilient amid global uncertainties ASEAN GDP growth in 2018 (Forecast) Thailand 2 83. The private goods- and services-producing sectors, as well as the government sector, contributed to the increase. Although sales remained negligible in 2018, non alcoholic beer is starting to grow rapidly in the country, primarily as a result of the ongoing health and wellness trend. Growth continued to be credit-intensive. GDP per capita in Thailand averaged 2710. Capital Economics said Thailand started 2018 on a strong note but growth "may now have peaked", though the economy should remain in good health. Public debt also remains low at 42 percent and the domestic currency, Baht is less volatile compared to Indonesia’s Rupiah. trade in goods with Thailand NOTE: All figures are in millions of U. 6 percent in 2018 — the slowest pace since 1990. 73 percent in 2017 and a maximum of 70. Thailand's economic recovery is broadening in 2018. The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian. 76 USD Billion in 1960. 01 percent in 1970. • Thai Airways session cookies that are deleted after each visit. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2018, building on the lifetimes work of Angus Maddison. In 2018, according to the World Bank, Thailand had a GDP of 16. Public debt also remains low at 42 percent and the domestic currency, Baht is less volatile compared to Indonesia's Rupiah. Its economy is heavily export-dependent, with exports accounting for more than two-thirds of its gross domestic product (GDP). For Workers, More of the Same. The White House’s trade representative in late August withdrew a recommendation to restore some of Ukraine’s trade privileges after John Bolton, then-national security adviser, warned him that. Former actress Tanushree Dutta in September accused Nana Patekar of sexually harassing her during the shooting of their 2008 film 'Horn Ok Pleassss'. The economy grew at the fastest pace in six years in 2018, with the fourth-quarter performance beating expectations on higher domestic demand and growing tourism arrivals. Exports in the first three months leap 11. But a grey future is no excuse for a sedentary present. 99 USD Billion in 2018 and a record low of 2. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. Dating Forums Members Forum Search Forum Rules Forum Netiquette Downloads Help More. 0 and the Eastern Economic Corridor, infrastructure investment should further support expansion in 2018, with public spending on key transport projects set to surge, even as the government seeks private partners to help deliver billions of dollars of planned initiatives. salary increase budgets will grow by 3. Here you have the comparison between Thailand vs United Kingdom 2019. 2% in the first quarter of 2019. 9 per cent on a year-on-year basis in the second. The UN’s Economic and Social Commission for Asia and the Pacific (UNESCAP) says the Thai growth outlook stands in contrast to Cambodia’s economy, which is set for 8 percent growth in 2018. October - Thailand's Economic Factsheet; June - Thailand's Economic Factsheet; January  - Thailand's Economic Factsheet; February - Thailand's Economic Factsheet; 2016. Tourism and government spending - mostly on infrastructure and short-term stimulus measures – have helped to boost the economy, and The Bank of Thailand has been supportive, with several interest rate reductions. For a detailed travel guide on Kenya, go to VisitKenya. Tourism plays an ever more important role in the Thai economy. 0 is an economic model that aims to unlock the country from several economic challenges resulting from past economic development models which place emphasis on agriculture (Thailand 1. Digital Economy Plan Thailand is working to improve economic growth by shifting its economy from an industry-driven country (whereby manufacturing accounted for 40% of GDP in 2010) to one that is high-tech driven (Charoen 2015). Economic Outlook Report 2019 05 Global growth has eased but remains robust with projected GDP of 3. 14351, 14353 Fax: 02 643 5223. Reflects downward changes to personal consumption expenditures and nonresidential investment. The purpose of this paper is to find the effects of human capital inequality on economic growth. 9 percent in 2017, and is expected to grow between 4. Former actress Tanushree Dutta in September accused Nana Patekar of sexually harassing her during the shooting of their 2008 film 'Horn Ok Pleassss'. Estimates of tourism revenue directly contributing to the Thai GDP of 12 trillion baht range from one trillion baht (2013) 2. • Third party cookies that are used by our partners to help measure site visiotrs. Thailand's GDP growth accelerated to a five-year high of 4. 2018-2019 Defence Budget of China, Malaysia, Indonesia, Thailand and Singapore China ($173 Billion for a fiscal year) China will increase military spending by 8. Automotive, electronics, and agriculture sectors will bear the brunt of the economic costs. National Statistician Lisa Grace Bersales announced on Thursday, May 10, that the gross domestic product (GDP) grew by 6. 6% forecast. IMD World Competitiveness Rankings 2018 Results. In fact, in its 2017 World Economic Outlook, the IMF had estimated Indonesia’s economic growth at 5. 6% of the active population. 4%, respectively. 2bn high-speed rail project that will link two airports in the Bangkok area and another in the eastern province of Rayong. Thailand 4. 6 percent in 2018, as inflation is expected to return gradually to the low end of the inflation target range (1. 24 billion US dollars in 2018 growing at an average annual rate of 7. DUBLIN, Oct. Thailand received 34,431,489 international visitors, up by 7. Thailand Gross Domestic Product has been growing substantially over the last few decades, though not consistently. 8%, and also raised its estimate for exports, an. 60 USD in 2018 and a record low of 570. Thailand became an upper-middle income economy in 2011. 9% in 2019 and by 3. Country comparison Cambodia vs Thailand 2019 Country comparison, you can compare any two countries and see the data side by side. Its economy is heavily export-dependent, with exports accounting for more than two-thirds of its gross domestic product (GDP). Thailand's exports, worth about two-thirds of the economy, jumped nearly 10 per cent last year after years of. 5 percent in Q2 1998 and a maximum of 15. That's faster than China's growth over the same period. Moreover, private consumption comprises 50. Institute, Thai exports will grow by 8. The museum features a collection of buildings from various parts of Thailand placed along pathways in a Garden of Serenity. 9% in 2017 due to external demand - the best growth performance since 2012. Due to the concentration of economic activities in the capital,. Gross Domestic Product of Thailand grew 4. 20 minutes in, the good doctor from Korea discusses health effects of PM2. Official 2018 gross domestic product (GDP) data will be released on Feb 18. Thailand is an example of an emerging market facing the innovation paradox: returns to R&D are high but actual investments are low compared to peers. 91% in 2014, 2. Changes in any of the three can affect an economy's relative size and, therefore, its ra. Data Briefs. 8% YOY in 2019, lower than 2018’s estimated growth rate of 4. Economic growth is projected to reach 3. Thailand's central bank predicts growth of 4% for this year after it estimated a 4. Institute, Thai exports will grow by 8. World Bank expects big economic growth in 2018. Somkid said the government was committed to. Inflation-adjusted real wages are seen growing 2. Exports in the. The description is composed by our digital data assistant. Strong growth has enabled the country to join the group of upper-middle-income economies in the early 2010s and to perform well in many areas. The Thai economy has reached five-year highs. These studies were used to inform the development of the new SEI Bioeconomy Initiative (2018–2021). ,Thailand Labor Force Survey has been used to generate provincial average years of schooling and Gini coefficient of years of schooling for the years 1995‒2012. The CE threshold(s) in Thailand Yot Teerawattananon HITAP, Thailand’s Ministry of Public Health Saw SweeHock School of Public Health, National University of Singapore 1 Identifying priority technical and context specific issues in improving the conduct, reporting and use of health economic evaluation in. Supporting Thailand’s New Economy Alibaba e-commerce marketplaces and global logistic network serves small and medium-sized enterprises and rural sellers to increase online exports to China and other countries. Thailand Len Shneyder is a 15+ year email and digital messaging veteran and the VP of Industry Relations at SendGrid. 824 billion, which has a purchasing power equivalent of $1. That percentage has been exceeded in only five years since 1946; four of those years followed the deep 2007–2009 recession. Thailand $455. Economic growth decelerated to 2. No claims are made regarding the accuracy of GDP - real growth rate (%) information contained here. Marking its 30th edition this year, the IMD World Competitiveness Rankings emphasize a long-term trend highlighted in past editions – that the countries on the top of the list each have a unique approach to becoming competitive. International inbound tourists (thousands) n. 7 percent in 2018 from 3. Overall economic activity in the first quarter of 2018 continued to expand from the previous quarter, driven mainly by exports and tourism sector. YANGON—Despite Myanmar facing a significant economic downturn last year, government officials and business people alike have expressed positivity for the country’s economy in 2019, especially in regards to foreign investment and the local business environment. 1 % in 2018. China: $25. In total, there were 16 Thai companies on the 2013 Forbes Global 2000 list. Bangkok, 9 July 2018 – The Tourism Authority of Thailand (TAT) has unveiled an Action Plan for 2019 that will seek to drive visitor flows to provinces with less than four million annual trips, alleviate the negative impacts of tourism, and enhance happiness among the Thai people. Beer in Thailand continued to be dominated by domestic economy lager in 2018. AUSTRALIAN business chiefs expect a bumper 2018 with the rosiest economic forecasts in five years. The agricultural sector, comprised mostly of small-scale farms, contributes only 10% of GDP but employs about one-third of the labor force. 1 percent in 2018, the fastest pace since 2012, says the latest edition of the World Bank’s Thailand Economic Monitor. “Eastern Economic Corridor Development project” Driving Forward… 15th February 2017. Vietnam’s economy has shifted from a centrally-planned economy to a market economy with rapid growth over 30 years. Thailand Len Shneyder is a 15+ year email and digital messaging veteran and the VP of Industry Relations at SendGrid. China's economy made a strong start to 2018, shrugging off escalating trade tensions with the United States. Thailand’s oincident Economic Index (EI) and Leading Economic Index (LEI) point to an uptick in the business cycle (Figure 21) and a further pick-up in economic activity going into 2018. Thailand International Cooperation Agency Approved candidates for AITC 2018. 8% for 2019. 2018 is shaping up to be an important turning point for Thai banks. 2% expansion for 2018. Country Operations Business Plan October 2018 Thailand 2019–2021 This document is being disclosed to the public in accordance with ADB’s Public Communications Policy. 8 USD bn in the previous quarter. The equivalent growth rate for the UK as a whole during the first quarter was 0. Mega Projects to Drive Thailand’s Economic Growth 1. The GDP figure in 2018 was €427,572 $504,928 million, Thailand is number 26 in the ranking of GDP of the 196 countries that we publish. Don Nakornthab, Senior Director, Monetary Policy Group, Overall economic activities In September 2019, the Thai economy continued to be on a decelerating trend. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. For the euro area, annual potential GDP growth over the period 2016-35 is projected in the 2018 Ageing Report to average 1. 3% in the fourth quarter of 2017. Thailand's growth has picked up but. Colombia’s economy is resilient and appears well equipped to navigate a challenging external environment affected by trade tensions, protectionism and geopolitical uncertainties, but it must pursue new reforms, including by promoting formal employment, to make growth stronger and more inclusive, according to the latest Economic Survey of Colombia. 9 percent in 2017, lagging peers in Southeast Asia. Inflation Rate increases 0. Review: Singapore Airlines A380 Economy Class New York to Frankfurt Matthew January 2, 2018 22 Comments It was with some reluctance that I agreed to fly Singapore Airlines economy class, but it was not a mistake: the flight turned out to be one of the best economy class experiences in all my years of flying. The overall ascent of the Thai economy will have a positive impact on the country's property market for several reasons. 25 (Xinhua) -- Kanit Sangsubhan, secretary-general of. Exports in the. As of 2018, Thailand has an average inflation of 1. ASEAN Investment Report 2018: Foreign Direct Investment and the Digital Economy in ASEAN. The Thailand government hopes the Eastern Economic Corridor will attract more than $46 billion in foreign investment and push annual GDP growth to about 5 per cent a year by 2020 Almost not a day goes past without the Eastern Economic Corridor (EEC) being in the Thailand news. 08% debt-to-GDP ratio) and its public debt per capita is 2,620€ euros per inhabitant. With the EEC, Thailand hopes to develop its eastern provinces into a leading ASEAN economic zone. The country’s economy grew 4. 8%, respectively, from the previous 6. 20 APRIL-31 MAY 2018 CHURCHILL TRUST FELLOWSHIP, CIRCULAR ECONOMY TOUR Plastics use and recycling is a critical issue for our planet and future. Thailand: Labor. 8% in the first quarter of the year from the. 3% in the July-September period. A regional leader in tourism, automotive, electronics, Thailand has shown a resilient economy despite going through tensed political situations in recent years. 23 USD Billion from 1960 until 2018, reaching an all time high of 504. 0 roadmap – an economic model designed to transform the economy through greater investments in digital technology and innovation – the Thai. NOTE: The information regarding GDP - composition, by sector of origin - agriculture (%) on this page is re-published from the CIA World Factbook 2018. Figure 11: Inflation Rose Sharply and Surpassed in March 2018 the eiling of the entral ank’s economic growth, while. The latest projected 'GDP rankings of the world's largest economies' is based on the size of national economies in US dollar terms. 2%, matching 2017's growth rate, and well. 7%, down from 6. The Bank of Thailand sees inflation at 1. Exports this year are expected to grow by 8% in US dollar terms, but are tipped to drop to 4-5% next year. Demographics of Thailand 2018. Thailand's GDP growth slowed to 2. The description is composed by our digital data assistant. Its national debt in 2018 was 177,592 millions of euros, ( 42. Per capita GDP growth for Thailand is expected at 3. The fact-checkers, whose work is more and more important for those who prefer facts over lies, police the line between fact and falsehood on a day-to-day basis, and do a great job. Today, my small contribution is to pass along a very good overview that reflects on one of Trump’s favorite overarching falsehoods. Namely: Trump describes an America in which everything was going down the tubes under  Obama, which is why we needed Trump to make America great again. And he claims that this project has come to fruition, with America setting records for prosperity under his leadership and guidance. “Obama bad; Trump good” is pretty much his analysis in all areas and measurement of U.S. activity, especially economically. Even if this were true, it would reflect poorly on Trump’s character, but it has the added problem of being false, a big lie made up of many small ones. Personally, I don’t assume that all economic measurements directly reflect the leadership of whoever occupies the Oval Office, nor am I smart enough to figure out what causes what in the economy. But the idea that presidents get the credit or the blame for the economy during their tenure is a political fact of life. Trump, in his adorable, immodest mendacity, not only claims credit for everything good that happens in the economy, but tells people, literally and specifically, that they have to vote for him even if they hate him, because without his guidance, their 401(k) accounts “will go down the tubes.” That would be offensive even if it were true, but it is utterly false. The stock market has been on a 10-year run of steady gains that began in 2009, the year Barack Obama was inaugurated. But why would anyone care about that? It’s only an unarguable, stubborn fact. Still, speaking of facts, there are so many measurements and indicators of how the economy is doing, that those not committed to an honest investigation can find evidence for whatever they want to believe. Trump and his most committed followers want to believe that everything was terrible under Barack Obama and great under Trump. That’s baloney. Anyone who believes that believes something false. And a series of charts and graphs published Monday in the Washington Post and explained by Economics Correspondent Heather Long provides the data that tells the tale. The details are complicated. Click through to the link above and you’ll learn much. But the overview is pretty simply this: The U.S. economy had a major meltdown in the last year of the George W. Bush presidency. Again, I’m not smart enough to know how much of this was Bush’s “fault.” But he had been in office for six years when the trouble started. So, if it’s ever reasonable to hold a president accountable for the performance of the economy, the timeline is bad for Bush. GDP growth went negative. Job growth fell sharply and then went negative. Median household income shrank. The Dow Jones Industrial Average dropped by more than 5,000 points! U.S. manufacturing output plunged, as did average home values, as did average hourly wages, as did measures of consumer confidence and most other indicators of economic health. (Backup for that is contained in the Post piece I linked to above.) Barack Obama inherited that mess of falling numbers, which continued during his first year in office, 2009, as he put in place policies designed to turn it around. By 2010, Obama’s second year, pretty much all of the negative numbers had turned positive. By the time Obama was up for reelection in 2012, all of them were headed in the right direction, which is certainly among the reasons voters gave him a second term by a solid (not landslide) margin. Basically, all of those good numbers continued throughout the second Obama term. The U.S. GDP, probably the single best measure of how the economy is doing, grew by 2.9 percent in 2015, which was Obama’s seventh year in office and was the best GDP growth number since before the crash of the late Bush years. GDP growth slowed to 1.6 percent in 2016, which may have been among the indicators that supported Trump’s campaign-year argument that everything was going to hell and only he could fix it. During the first year of Trump, GDP growth grew to 2.4 percent, which is decent but not great and anyway, a reasonable person would acknowledge that — to the degree that economic performance is to the credit or blame of the president — the performance in the first year of a new president is a mixture of the old and new policies. In Trump’s second year, 2018, the GDP grew 2.9 percent, equaling Obama’s best year, and so far in 2019, the growth rate has fallen to 2.1 percent, a mediocre number and a decline for which Trump presumably accepts no responsibility and blames either Nancy Pelosi, Ilhan Omar or, if he can swing it, Barack Obama. I suppose it’s natural for a president to want to take credit for everything good that happens on his (or someday her) watch, but not the blame for anything bad. Trump is more blatant about this than most. If we judge by his bad but remarkably steady approval ratings (today, according to the average maintained by 538.com, it’s 41.9 approval/ 53.7 disapproval) the pretty-good economy is not winning him new supporters, nor is his constant exaggeration of his accomplishments costing him many old ones). I already offered it above, but the full Washington Post workup of these numbers, and commentary/explanation by economics correspondent Heather Long, are here. On a related matter, if you care about what used to be called fiscal conservatism, which is the belief that federal debt and deficit matter, here’s a New York Times analysis, based on Congressional Budget Office data, suggesting that the annual budget deficit (that’s the amount the government borrows every year reflecting that amount by which federal spending exceeds revenues) which fell steadily during the Obama years, from a peak of $1.4 trillion at the beginning of the Obama administration, to $585 billion in 2016 (Obama’s last year in office), will be back up to $960 billion this fiscal year, and back over $1 trillion in 2020. (Here’s the New York Times piece detailing those numbers.) Trump is currently floating various tax cuts for the rich and the poor that will presumably worsen those projections, if passed. As the Times piece reported: