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23 February, 2021updated 30 Oct 2021 05:04

Investing in Thailand: what you need to know

All of the key data and information needed when considering investing in Thailand.

By Carmen

As of 2021, Thailand has a population of 70.8 million, making it the 20th largest country in the world by this measure. There are 49.6% males and 50.4% females.

There are 37.4 million people employed in Thailand, with an unemployment rate of 1.5% – 371,739 people.

Thailand is the 26th largest economy in the world with a GDP of $497.6bn. Thailand’s GDP has grown by 52% between 2010 and 2021 and is expected to grow by 25% by 2025.

As of 2021 there are 2.4 million students in tertiary education in Thailand, with 6.2 million students in secondary and 4.8 million in primary education. Thailand spent 3.6% of its GDP on education in 2019.

Thailand ranked 21st in the World Bank’s Doing Business Report (2020). In the 2019 report it finished 27th. In the World Economic Forum’s Global Competitiveness Report (2019), Thailand finished 40th, after ranking 40th in 2018.

Public healthcare expenditure totalled $14.8bn and private healthcare expenditure equalled $4.2bn in 2018.

The largest urban areas in Thailand are Bangkok (metropolitan region) (11.1 million people), Bangkok (metropolitan administration) (5.7 million) and Nonthaburi (253,680).

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