Names: conventional long form: Kingdom of Thailand conventional short form: Thailand local long form: Ratcha Anachak Thai local short form: Prathet Thai former: Siam
Capital City: Bangkok
Population: 64,631,595 note: estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality and death rates, lower population and growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2006 est.)
GDP Per Capita: $9,100 (2006 est.)
Currency: baht (THB)
Languages: Thai, English (secondary language of the elite), ethnic and regional dialects
Total Area: total: 514,000 sq km land: 511,770 sq km water: 2,230 sq km slightly more than twice the size of Wyoming
Region: Asia
Industries: tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts; world's second-largest tungsten producer and third-largest tin producer
Agriculture: rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans
Resources: tin, rubber, natural gas, tungsten, tantalum, timber, lead, fish, gypsum, lignite, fluorite, arable land
Labor Force:
36.41 million (2006 est.)
agriculture: 49% industry: 14% services: 37% (2000 est.)
Exports:
$123.5 billion f.o.b. (2006 est.)
textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances
Imports:
$119.3 billion f.o.b. (2006 est.)
capital goods, intermediate goods and raw materials, consumer goods, fuels
Overview:
With a well-developed infrastructure, a free-enterprise economy, and pro-investment policies, Thailand appears to have fully recovered from the 1997-98 Asian Financial Crisis. The country was one of East Asia's best performers in 2002-04. Boosted by increased consumption and strong export growth, the Thai economy grew 6.9% in 2003 and 6.1% in 2004 despite a sluggish global economy. Bangkok has pursued preferential trade agreements with a variety of partners in an effort to boost exports and to maintain high growth. In late December 2004, a major tsunami took 8,500 lives in Thailand and caused massive destruction of property in the southern provinces of Krabi, Phangnga, and Phuket. In 2006, investment stagnated as investors, spooked by the Thaksin administration's political problems, stayed on the sidelines. The military coup in September brought in a new economic team, led by the former central bank governor. In December, the Thai Board of Investment reported the value of investment applications from January to November had declined by 27% year-on-year. On the positive side, exports have performed at record levels, rising nearly 17% in 2006. Export-oriented manufacturing - in particular automobile production - and farm output are driving these gains.
In 2007 Missouri exported $89,965,346 in goods to Thailand. This ranks Thailand 24th among the 223 international buyers of Missouri goods. Missouri exports to Thailand increased from the previous year by $14,231,148 a change of 18.79%. State exports to Thailand have increased over the last 5 years by $54,802,503 a change of 155.85%. Missouri exports account for .67%. of all 2007 US exports to Thailand.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 35,162,843 | 35,992,612 | 60,278,412 | 63,480,766 | 75,734,198 | 89,965,346 | |
| 000 - Total All Industries US | 4,859,499,595 | 5,841,662,567 | 6,362,964,366 | 7,233,101,498 | 8,152,469,452 | 8,444,878,399 | |