GDP in Thailand is expected to reach 528.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand GDP is projected to trend around 546.00 USD Billion in 2021 and 549.00 USD Billion in 2022, according to our econometric models.
Thailand is classified as a developing country . Majority of Thai people work in agriculture sector. They hesitate to use the new technology, because they are not familiar with it. In developed country , technologies are the indicator of economic and people’s wealth.
United States. Justyna Galicka / Getty Images. The United States, with its 326.7 million people,3 tops the list with a disposable income per capita measure of $53,122. Luxembourg. Pixabay. Switzerland. Marco Bottigelli / Getty Images. Germany. Pixabay. Australia. Pixabay. Norway. Pixabay. Austria. Pixabay. Belgium. Pixabay.
As of 2018, the top 10 countries by GDP are: United States : $20.4 trillion. China : $14.0 trillion. Japan: $5.1 trillion. Germany: $4.2 trillion. United Kingdom: $2.9 trillion. France: $2.9 trillion. India: $2.8 trillion. Italy: $2.1 trillion.
The main Thai industries are electronics, steel and automotive. Thailand is an assembly hub for international car brands. Electrical components and appliances, computers, cement production, furniture and plastic products are also important sectors.
Searchable List of Thailand’s Most Valuable Export Products
|Rank||Thai Export Product||2019 Value (US$)|
|1||Computers, optical readers||$11,871,742,000|
Because Thailand did not initially join the Allies or the Communism Bloc, it is a Third World country . This means that Thailand has advanced farther relative to other countries , but has not yet reached the level of modern industrialized nations , such as the Western Nations .
The country faces problems with air, declining wildlife populations, deforestation, soil erosion, water scarcity, and waste issues. According to a 2004 indicator, the cost of air and water pollution for the country scales up to approximately 1.6–2.6% of GDP per year.
Thailand , Southeast Asia’s second- largest economy, has grown in the past generation or two from an undeveloped country to what the World Bank calls a “middle- income ” country. Its three main economic sectors are agriculture, manufacturing, and services.
Projected GDP per capita Ranking As of 2020, Luxembourg would ramain at top spot in nominal gdp per capita ranking. Luxembourg would remain at top spot for next few years as it are ahead of 2nd ranked occupier Switzerland by huge margin of $27,735.
The 20 countries with the largest gross domestic product (GDP) per capita in 2019 (in U.S. dollars)
|GDP per capita in U.S. dollars|
Keep reading to see what countries landed on our 50 wealthiest countries list. New Zealand. GDP Rank: 54. Average Income Rank: 25. Poland. GDP Rank: 21. Average Income Rank: 43. Israel. GDP Rank: 34. United Arab Emirates. GDP Rank: 30. Czech Republic. GDP Rank: 48. Iceland. GDP Rank: 110. Portugal. GDP Rank: 50 . Greece. GDP Rank: 53.
Sierra Leone. South Sudan. Liberia. Malawi. Niger. Eritrea. Democratic Republic of the Congo ( DRC ) Central African Republic (CAR)
Click on any of the links to gain more in-depth reviews of these top countries. United States . GDP: $19.48 trillion. China . GDP: $12.23 trillion. Japan. GDP: $4.87 trillion. Germany. GDP: $3.69 trillion. India. GDP: $2.65 trillion. United Kingdom. GDP: $2.63 trillion. France. GDP: $2.58 trillion. Brazil. GDP: $2.05 trillion.