An Emerging Economy and the Second-Largest Economy in SE Asia
Thailand is an emerging economy that boasts the 20th-largest population base in the world. The country is a constitutional monarchy with some of the friendliest people on earth.
Bangkok is the capital and largest city as well as Thailand’s political, commercial, industrial and cultural hub. Long a tourist favorite, Thailand consists of several distinct geographic regions partly corresponding to the provincial groups.
Thailand is an emerging economy that is considered a newly industrialized country. Thailand has the second-largest economy in Southeast Asia after Indonesia. The Thai economy is heavily export-dependent. Thailand is the world’s largest exporter of rice.
Thai Demographics and Growth
About 75% of the population is ethnically Thai, 14% are of Chinese origin and 4% are ethnically Malay.
From 1985 to 1996, Thailand enjoyed the world’s highest economic growth rate, averaging 12.4% annually, before adjusting as part of the Asian financial crisis. By 1999, the Thai economy began to improve again and has been on the upswing every since.
Fueled by a strong service industry and blessed with some of the most desirable tourist locations in the world and excellent exports, Thailand is well positioned to continue its growth.
Find out more about Thailand from Bill, including:
- What Keller Williams Worldwide is looking for in a potential country partner
- Why the Keller Williams Realty story so unique
- How to start the process of finding out if you might be a good match
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