Thailand is a constitutional monarchy and has switched between parliamentary democracy and military junta for decades. It became a newly industrialised country and major exporter in the 1990s. Leading contributors to economic growth include manufacturing, agriculture, and tourism.
103.3 million (2016)
Philippine Peso (PHP)
EASE OF DOING BUSINESS
Ranked 26 out of 190 economies (World Bank Doing Business 2018)
The Office of the Board of Investment (BOI) is a government agency under Thailand's Office of the Prime Minister. It is responsible for promoting valuable investment - both investment into Thailand and Thai investments overseas.
The recovery of domestic tourism could also aid the hospitality and aviation sectors, said Maybank Kim Eng economists.
The value of Thailand’s overall medical device market is pegged to hit US$1.45 billion in 2020.
The economic toll could hurt social stability, said Fitch Solutions Country Risk and Industry Research
SMALL businesses in Thailand’s food manufacturing and wholesale trade industries have been encouraged to buy and sell across regional borders.
Markets such as Thailand could see production stoppages, Fitch analysts warned.