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Thailand, the Asian tiger is still roaring

by Kijner & Sons International Realty

Despite recent speculations and political events, Thailand is doing tremendously well as a stable and resilient economy. 4th richest Southeast Asian nation and 2nd largest economy in the region*, with an estimated 7.6% GDP growth in 2010, unemployment and poverty rates at their lowest and strong foreign investments, Thailand has already moved past the lingering Western pessimism resulting from the 2007-2008 world economic crisis and is starting off 2011 stronger than ever.

Through an array of monetary, exchange rate and financial institutions policies, the Bank of Thailand will play a pivotal role in 2011 to ensure capital flows and macroeconomic stability. In the private sector, a great emphasis will be placed on innovation, Thailand competing against others on the basis of quality rather than prices. In the public sector, greater and sustainable investments will be dedicated to infrastructures, improving ultimately productivity**.

BMW, Daimler Chrysler, Ford, General Motors, Mitsubishi, Mazda, Toyota, Isuzu, Honda and Nissan, some of the world leading car manufacturers have long called Thailand home with ever growing operation plants and investments. In addition to being the 13th world car production center, “[t]he Thailand Automotive Institute predicts that the country will pass Spain, Canada and Mexico to enter the world Top 10 by achieving the capacity target of 2.3 million units [by 2015]”***. Last but not least, let’s not forget that Thailand has a strong agriculture and is among the region’s main manufacturing giant of electronic goods and textile as well as one of the world’s leading touristic destinations.  

Thus, 2011 has never been a better time to invest in Thailand!

Do not hesitate to contact us at info@kijner.com or to visit us at www.kijner.com to learn more about residential and commercial opportunities in the land of smiles.


Estimated data for 2010****

GDP (purchasing power parity): $580.3 billion

GDP (official exchange rate): $312.6 billion

GDP by sectors

-     Agriculture: 10.4%

-     Industry: 45.6%

-     Services: 44%

Unemployment rate: 1,2%

Population: 68 million

Exports: $191.3 billion. Thailand’s main exports are textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances.

Imports: $156.9 billion. Thailand’s main imports are capital goods, intermediate goods and raw materials, consumer goods and fuels.

External Debt: $82.5 billion (ranking 42 in comparison to other countries in the world)


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Sources:

*Wikipedia: http://en.wikipedia.org/wiki/Economy_of_Thailand

**Thailand Business News: http://thailand-business-news.com/economics/28992-bank-of-thailand’s-governor-reveal-policy-direction-for-2011

***Thailand Business News: http://thailand-business-news.com/news/headline/19360-thailand’s-automotive-industry-overview

****CIA World Factbook: https://www.cia.gov/library/publications/the-world-factbook/geos/th.html 

Why investing in Costa Rica?

by Kijner & Sons International Realty

Why investing in Costa Rica?

8 facts you should know about Costa Rica, a little paradise in Central America located between Nicaragua and Panama, about two and a half hours away from Miami:

1. Costa Rica benefits from stable economic growth. Its main industries are agriculture, tourism and technology. Tourism is the main source of income with ecotourism and health tourism attracting visitors from all over the world.

2. Costa Rica’s standard of living is relatively high. The country’s estimated GDP in 2009 was of $48.83 billion USD*.

3. More than 50,000 North Americans are living in Costa Rica. Furthermore, foreigners have the same right to property ownership as Costa Ricans do and land ownership is widespread.

4. Costa Rica’s climate is tropical and subtropical. The dry season is from December to April and the rainy season from May to November. It tends to be cooler in the highlands.

5. The government has offered many fiscal incentives such as tax exemptions to those willing to invest in the country. Costa Rica has the highest levels of foreign direct investment per capita in Latin America.

6. The United States and Costa Rica have a history of close and friendly relations. As Costa Rica’s largest trading partner, the US accounts for almost half of its exports, imports, and tourism, and more than two-thirds of its foreign investment**.

7. Costa Rica is politically stable. As the oldest democracy in Central America and the first in the world to have constitutionally abolished its army in 1949, Costa Rica guarantees rights for residents and foreigners alike.

8. The literacy rate in Costa Rica is about 95%, one of the highest in the world. The country has a great health care system covering more than 80% of the population***.


Do you have questions about investing in Costa Rica? Kijner & Sons International Realty is here to help so do not hesitate to contact us info@kijner.com


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Sources:

*CIA World Factbook: https://www.cia.gov/library/publications/the-world-factbook/geos/cs.html

**US Department of State: http://www.state.gov/r/pa/ei/bgn/2019.htm

 ***Wikipedia: http://en.wikipedia.org/wiki/Costa_Rica

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