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