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Economy

Agricultural products (Agriculture-products) [time series]

rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans

Budget [time series]

revenues: $24 billion expenditures: $25 billion, including capital expenditures of $8 billion (FY96/97)

Exchange rates (Currency) [time series]

1 baht (B) = 100 satang

Debt - external (Debt-external) [time series]

$90 billion (1997)

Economic aid [time series]

recipient: ODA, $624 million (1993)

Economic overview (Economy-overview) [time series]

In 1997/98, the Thai economy is in a deep recession as a result of the severe financial problems facing many Thai firms, particularly banks and finance companies. In the early 1990s, Thailand liberalized financial inflows; banks and other firms borrowed in dollars and did not hedge their positions because there was no perceived exchange rate risk. These funds financed a property boom that began to taper off in the mid-1990s. In addition, export growth - previously a key driver of the Thai economy-collapsed in 1996, resulting in growing doubts that the Bank of Thailand could maintain the baht's peg to the dollar. The Bank mounted an expensive defense of the exchange rate that nearly depleted foreign exchange reserves, then decided to float the exchange rate, triggering a sharp increase in foreign liabilities that cash-strapped Thai firms were already having trouble repaying. In August 1997, the government headed by Prime Minister CHAWALIT signed an agreement with the IMF for access to a $14 billion facility to supplement foreign exchange reserves and restore financial market stability. CHAWALIT resigned in November 1997, however, under pressure for lacking a coherent approach to managing the IMF program and the financial crisis. Democratic Party leader CHUAN Likphai formed a seven-party coalition government and closely adhered to the IMF program, tentatively reestablishing financial stability by February 1998. An economic turnaround requires rescheduling the large short-term foreign liabilities of Thai firms, restoring high rates of export growth to finance foreign liabilities, and extensively recapitalizing the banking system.

Electricity - capacity (Electricity-capacity) [time series]

15.838 million kW (1995)

Electricity - consumption per capita (Electricity-consumption per capita) [time series]

1,295 kWh (1995)

Electricity - production (Electricity-production) [time series]

77.5 billion kWh (1995)

Exchange rates [time series]

baht (B) per US$1-53.812 (January 1998), 31.364 (1997), 25.343 (1996), 24.915 (1995), 25.150 (1994), 25.319 (1993)

Exports [time series]

total value: $51.6 billion (f.o.b., 1997) commodities: manufactures 82%, agricultural products and fisheries 14% (1997) partners: US 19.6%, Japan 14.9%, Singapore 11%, Hong Kong 5.7%, Malaysia 4.3%, UK 3.7% (1997)

Fiscal year [time series]

1 October-30 September Communications

Real GDP (purchasing power parity) (GDP) [time series]

purchasing power parity-$525 billion (1997 est.)

GDP - composition, by sector of origin (GDP-composition by sector) [time series]

agriculture: 10% industry: 28.7% services: 61.3% (1997)

Real GDP per capita (GDP-per capita) [time series]

purchasing power parity-$8,800 (1997 est.)

Real GDP growth rate (GDP-real growth rate) [time series]

-0.4% (1997 est.)

Imports [time series]

total value: $73.5 billion (c.i.f., 1996) commodities: capital goods 50%, consumer goods 10.2%, fuels 8.7% (1997) partners: Japan 25.6%, US 13.9%, Singapore 5%, Taiwan 4.6%, Germany 4.5%, Malaysia 4.1% (1997)

Industrial production growth rate [time series]

-15% (1997 est.)

Industries [time series]

tourism; textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing, such as jewelry; electric appliances and components, computers and parts, integrated circuits, furniture, plastics; world's second-largest tungsten producer and third-largest tin producer

Inflation rate (consumer prices) (Inflation rate-consumer price index) [time series]

5.6% (1997 est.)

Labor force [time series]

total: 32.6 million (1997 est.) by occupation: agriculture 54%, industry 15%, services (including government) 31% (1996 est.)

Broadcast media (Radio broadcast stations) [time series]

AM 200 (in government-controlled network), FM 100 (in government-controlled network), shortwave 0

Radios [time series]

10.75 million (1992 est.)

Telecommunication systems (Telephone system) [time series]

service to general public adequate, but investments in technological upgrades reduced by recession; bulk of service to government activities provided by multichannel cable and microwave radio relay network domestic: microwave radio relay and multichannel cable; domestic satellite system being developed international: satellite earth stations-2 Intelsat (1 Indian Ocean and 1 Pacific Ocean)

Telephones - fixed lines (Telephones) [time series]

1,553,200 (1994 est.)

Broadcast media (Television broadcast stations) [time series]

11 (in government-controlled network)

Televisions [time series]

3.3 million (1993 est.)

Unemployment rate [time series]

3.5%

Geography

Area [time series]

total: 514,000 sq km land: 511,770 sq km water: 2,230 sq km

Area - comparative (Area-comparative) [time series]

slightly more than twice the size of Wyoming

Climate [time series]

tropical; rainy, warm, cloudy southwest monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid

Coastline [time series]

3,219 km

Elevation (Elevation extremes) [time series]

lowest point: Gulf of Thailand 0 m highest point: Doi Inthanon 2,576 m

Environment - current issues (Environment-current issues) [time series]

air pollution from vehicle emissions; water pollution from organic and factory wastes; deforestation; soil erosion; wildlife populations threatened by illegal hunting

International environmental agreements (Environment-international agreements) [time series]

party to: Climate Change, Endangered Species, Hazardous Wastes, Marine Life Conservation, Nuclear Test Ban, Ozone Layer Protection, Tropical Timber 83, Tropical Timber 94 signed, but not ratified: Biodiversity, Law of the Sea

Geographic coordinates [time series]

15 00 N, 100 00 E

Geography - note (Geography-note) [time series]

controls only land route from Asia to Malaysia and Singapore

Irrigated land [time series]

44,000 sq km (1993 est.)

Land boundaries [time series]

total: 4,863 km border countries: Burma 1,800 km, Cambodia 803 km, Laos 1,754 km, Malaysia 506 km

Land use [time series]

arable land: 34% permanent crops: 6% permanent pastures: 2% forests and woodland: 26% other: 32% (1993 est.)

Location [time series]

Southeastern Asia, bordering the Andaman Sea and the Gulf of Thailand, southeast of Burma

Map references [time series]

Southeast Asia

Maritime claims [time series]

continental shelf: 200-m depth or to the depth of exploitation exclusive economic zone: 200 nm territorial sea: 12 nm

Natural hazards [time series]

land subsidence in Bangkok area resulting from the depletion of the water table; droughts

Natural resources [time series]

tin, rubber, natural gas, tungsten, tantalum, timber, lead, fish, gypsum, lignite, fluorite

Terrain [time series]

central plain; Khorat Plateau in the east; mountains elsewhere

Government

Administrative divisions [time series]

76 provinces (changwat, singular and plural); Amnat Charoen, Ang Thong, Buriram, Chachoengsao, Chai Nat, Chaiyaphum, Chanthaburi, Chiang Mai, Chiang Rai, Chon Buri, Chumphon, Kalasin, Kamphaeng Phet, Kanchanaburi, Khon Kaen, Krabi, Krung Thep Mahanakhon (Bangkok), Lampang, Lamphun, Loei, Lop Buri, Mae Hong Son, Maha Sarakham, Mukdahan, Nakhon Nayok, Nakhon Pathom, Nakhon Phanom, Nakhon Ratchasima, Nakhon Sawan, Nakhon Si Thammarat, Nan, Narathiwat, Nong Bua Lamphu, Nong Khai, Nonthaburi, Pathum Thani, Pattani, Phangnga, Phatthalung, Phayao, Phetchabun, Phetchaburi, Phichit, Phitsanulok, Phra Nakhon Si Ayutthaya, Phrae, Phuket, Prachin Buri, Prachuap Khiri Khan, Ranong, Ratchaburi, Rayong, Roi Et, Sa Kaeo, Sakon Nakhon, Samut Prakan, Samut Sakhon, Samut Songkhram, Sara Buri, Satun, Sing Buri, Sisaket, Songkhla, Sukhothai, Suphan Buri, Surat Thani, Surin, Tak, Trang, Trat, Ubon Ratchathani, Udon Thani, Uthai Thani, Uttaradit, Yala, Yasothon

Constitution [time series]

new constitution signed by King PHUMIPHON on 11 October 1997

Country name [time series]

conventional long form: Kingdom of Thailand conventional short form: Thailand

Data code [time series]

Diplomatic representation from the US [time series]

chief of mission: Ambassador William H. ITOH embassy: 120-122 Wireless Road, Bangkok mailing address: APO AP 96546 telephone: [66] (2) 205-4000

Diplomatic representation in the US [time series]

chief of mission: Ambassador NIT Phibunsongkhram chancery: 1024 Wisconsin Avenue NW, Washington, DC 20007 telephone: [1] (202) 944-3600

Executive branch [time series]

chief of state: King PHUMIPHON Adunyadet (since 9 June 1946) head of government: Prime Minister CHUAN Likphai (since 15 November 1997) cabinet: Council of Ministers note: there is also a Privy Council elections: none; the king is a constitutional monarch; prime minister designated from among the members of the House of Representatives; following a national election for the House of Representatives, the leader of the party that can organize a majority coalition usually becomes prime minister

Diplomatic representation in the US (FAX) [time series]

[1] (202) 944-3611 consulate(s) general: Chicago, Los Angeles, and New York

Diplomatic representation in the US (FAX) [time series]

[66] (2) 254-2990 consulate(s) general: Chiang Mai

Flag (Flag description) [time series]

five horizontal bands of red (top), white, blue (double width), white, and red

Government type [time series]

constitutional monarchy

Independence [time series]

1238 (traditional founding date; never colonized)

International organization participation [time series]

APEC, AsDB, ASEAN, CCC, CP, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, NAM, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNU, UPU, WCL, WFTU, WHO, WIPO, WMO, WTrO

Judicial branch [time series]

Supreme Court (Sandika), judges appointed by the king

Legal system [time series]

based on civil law system, with influences of common law; has not accepted compulsory ICJ jurisdiction

Legislative branch [time series]

bicameral National Assembly or Rathasapha consists of the Senate or Wuthisapha (a 270-member appointed body; members serve six-year terms) and the House of Representatives or Sapha Phuthaen Ratsadon (393 seats; members elected by popular vote to serve four-year terms) elections: House of Representatives-last held 17 November 1996 (next must be held by 17 November 2000, but may be held earlier) election results: House of Representatives-percent of vote by party-NA; seats by party - NAP 125, DP 123, NDP 52, TNP 39, SAP 20, TCP 18, SP 8, LDP 4, MP 2, other 2

Capital (National capital) [time series]

Bangkok

National holiday [time series]

Birthday of His Majesty the King, 5 December (1927)

Political parties (Political parties and leaders) [time series]

Thai Nation Party (TNP or Chat Thai Party), BANHAN Sinlapa-acha; Democratic Party (DP or Prachathipat Party), CHUAN Likphai; New Aspiration Party (NAP or Khwamwang Mai), Gen. CHAWALIT Yongchaiyut; National Development Party (NDP or Chat Phattana), leader NA; Phalang Dharma Party (PDP or Phalang Tham), SUDARAT Keyuraphan; Social Action Party (SAP or Kitsangkhom Party), MONTRI Phongphanit; Thai Citizen's Party (TCP or Prachakon Thai), SAMAK Sunthonwet; Liberal Democratic Party (LDP or Seri Tham), PHINIT Charusombat; Solidarity Party (SP or Ekkaphap Party), UTHAI Phimchaichon; Mass Party (MP or Muanchon), Pol. Cpt. CHALOEM Yubamrung

Suffrage [time series]

18 years of age; universal

Military

Military and security forces (Military branches) [time series]

Royal Thai Army, Royal Thai Navy (includes Royal Thai Marine Corps), Royal Thai Air Force, Paramilitary Forces

Military expenditures - dollar figure (Military expenditures-dollar figure) [time series]

$4 billion (FY95/96)

Military expenditures (Military expenditures-percent of GDP) [time series]

2.5% (FY94/95)

Military manpower - availability (Military manpower-availability) [time series]

males age 15-49: 17,296,871 (1998 est.)

Military manpower - fit for military service (Military manpower-fit for military service) [time series]

males: 10,435,956 (1998 est.)

Military manpower - military age (Military manpower-military age) [time series]

18 years of age

Military manpower - reaching military age annually (Military manpower-reaching military age annually) [time series]

males: 558,579 (1998 est.)

People

Age structure [time series]

0-14 years: 24% (male 7,440,863; female 7,169,837) 15-64 years: 70% (male 20,605,197; female 21,210,697) 65 years and over: 6% (male 1,596,267; female 2,014,505) (July 1998 est.)

Birth rate [time series]

16.76 births/1,000 population (1998 est.)

Death rate [time series]

7.11 deaths/1,000 population (1998 est.)

Ethnic groups [time series]

Thai 75%, Chinese 14%, other 11%

Infant mortality rate [time series]

30.82 deaths/1,000 live births (1998 est.)

Languages [time series]

Thai, English (secondary language of the elite), ethnic and regional dialects

Life expectancy at birth [time series]

total population: 69 years male: 65.35 years female: 72.83 years (1998 est.)

Literacy [time series]

definition: age 15 and over can read and write total population: 93.8% male: 96% female: 91.6% (1995 est.)

Nationality [time series]

noun: Thai (singular and plural) adjective: Thai

Net migration rate [time series]

0 migrant(s)/1,000 population (1998 est.)

Population [time series]

60,037,366 (July 1998 est.)

Population growth rate [time series]

0.97% (1998 est.)

Religions [time series]

Buddhism 95%, Muslim 3.8%, Christianity 0.5%, Hinduism 0.1%, other 0.6% (1991)

Sex ratio [time series]

at birth: 1.05 male(s)/female under 15 years: 1.04 male(s)/female 15-64 years: 0.97 male(s)/female 65 years and over: 0.79 male(s)/female (1998 est.)

Total fertility rate [time series]

1.84 children born/woman (1998 est.)

Transnational Issues

Disputes - international (Disputes-international) [time series]

parts of the border with Laos are indefinite; maritime boundary with Vietnam resolved, August 1997; parts of border with Cambodia are indefinite; maritime boundary with Cambodia not clearly defined

Illicit drugs [time series]

a minor producer of opium, heroin, and marijuana; major illicit transit point for heroin en route to the international drug market from Burma and Laos; eradication efforts have reduced the area of cannabis cultivation and shifted some production to neighboring countries; opium poppy cultivation has been reduced by eradication efforts; also a drug money-laundering center; role in amphetamine production for regional consumption; increasing indigenous abuse of methamphetamines and heroin TOGO

Transportation

Airports [time series]

106 (1997 est.)

Airports - with paved runways (Airports-with paved runways) [time series]

total: 55 over 3,047 m: 6 2,438 to 3,047 m: 9 1,524 to 2,437 m: 16 914 to 1,523 m: 20 under 914 m: 4 (1997 est.)

Airports - with unpaved runways (Airports-with unpaved runways) [time series]

total: 51 2,438 to 3,047 m: 1 1,524 to 2,437 m: 1 914 to 1,523 m: 15 under 914 m: 34 (1997 est.)

Heliports [time series]

3 (1997 est.)

Roadways (Highways) [time series]

total: 64,600 km paved: 62,985 km unpaved: 1,615 km (1996 est.)

Merchant marine [time series]

total: 304 ships (1,000 GRT or over) totaling 1,997,060 GRT/3,270,988 DWT ships by type: bulk 48, cargo 145, chemical tanker 7, container 9, liquefied gas tanker 13, multi-function large load carrier 3, oil tanker 62, passenger 1, refrigerated cargo 11, roll-on/roll-off cargo 2, short-sea passenger 1, specialized tanker 2 (1997 est.)

Pipelines [time series]

petroleum products 67 km; natural gas 350 km

Ports (Ports and harbors) [time series]

Bangkok, Laem Chabang, Pattani, Phuket, Sattahip, Si Racha, Songkhla

Railways [time series]

total: 4,623 km narrow gauge: 4,623 km 1.000-m gauge (99 km double track)

Waterways [time series]

3,999 km principal waterways; 3,701 km with navigable depths of 0.9 m or more throughout the year; numerous minor waterways navigable by shallow-draft native craft