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  map of Thailand

 

 

 

 

Country name:

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

 

Capital:

Bangkok. Population: 9.4 million, including Thon Buri (UN estimate 2005).
 

Description:
Thailand is bordered to the west by Myanmar and the Indian Ocean, to the south and east by Malaysia and the Gulf of Thailand, to the east by Cambodia, and to the north and east by Laos. Central Thailand is dominated by the Chao Phraya River.
 

Location:

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

 

Area:

513,115 sq km (198,115 sq miles).
 

 

Population:

65 million (2007).
 

language:
Thai is the official language. English is widely spoken, especially in establishments catering for tourists.

Climate:
Generally very hot, particularly between March and May. The monsoon season runs from June to October, when the climate is still hot and humid with torrential rains. The best time for travelling is November to February (cool season), although the southern islands are best from June to September.

Economy - overview:
The Thai economy expanded very rapidly during the 1980s and early 1990s, with the average annual GDP growth between 1990 and 1996 being 8.5%. However, things slowed dramatically in the summer of 2007 when the Asian currency crisis struck, causing the economy to drop by 11%. After a strong initial recovery, the Thai economy suffered again in 2001/2 following 9/11, and in 2003 suffered because of the reaction to SARS, the war in Iraq and fears of terrorism.

Things took an upward turn in 2004 due to domestic demand and strong exports, giving the economy resilience to the outbreak of avian influenza and soaring oil prices. However, following the tsunami in December 2004, sharp rises in world oil prices and domestic political turmoil following the military coup in September 2006 affected growth. In 2007 the inflation rate was 2.2% with unemployment down to 1.4%.

Following the financial collapse in 1997 the government launched the Amazing Thailand campaign which increased tourist arrivals dramatically, all keen to take advantage of the favourable exchange rate. Arrival numbers peaked in 2002 but were down by 10% in 2003 with the occurrence of SARS. However, visitor numbers have improved steadily and were more than 14 million in 2007 - a 4.65% increase on 2006.

Economy:

The Thai economy expanded very rapidly during the 1980s and early 1990s, with the average annual GDP growth between 1990 and 1996 being 8.5%. However, things slowed dramatically in the summer of 2007 when the Asian currency crisis struck, causing the economy to drop by 11%. After a strong initial recovery, the Thai economy suffered again in 2001/2 following 9/11, and in 2003 suffered because of the reaction to SARS, the war in Iraq and fears of terrorism.

Things took an upward turn in 2004 due to domestic demand and strong exports, giving the economy resilience to the outbreak of avian influenza and soaring oil prices. However, following the tsunami in December 2004, sharp rises in world oil prices and domestic political turmoil following the military coup in September 2006 affected growth. In 2007 the inflation rate was 2.2% with unemployment down to 1.4%.

Following the financial collapse in 1997 the government launched the Amazing Thailand campaign which increased tourist arrivals dramatically, all keen to take advantage of the favourable exchange rate. Arrival numbers peaked in 2002 but were down by 10% in 2003 with the occurrence of SARS. However, visitor numbers have improved steadily and were more than 14 million in 2007 - a 4.65% increase on 2006.
 

 

Industries:

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

 

Exports:
Rice, precious stones and jewellery, office equipment, textiles and clothing.

Imports:
Main imports: Chemicals, electrical machinery and crude oil.

Main trade partners: USA, Japan, China (PR), Malaysia and the EU.

Exchange rates:
Baht (THB; symbol ��?) = 100 satang. Notes are in denominations of ��?1,000, 500, 100, 50, 20 and 10. Coins are in denominations of ��?10, 5 and 1, and 50 and 25 satang.
http://www.worldtravelguide.net/country/279/money/South-East-Asia/Thailand.html

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GDP :
US$246 billion (2007).

 

 

 

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  Copyright By :  Kish Trade Promotion Center  2002