Population: 66.7 million
Official language: Thai
Religion: Thai Buddhism
Approximately two million cars and trucks are manufactured per year in Thailand and these include vehicles for international companies such as Ford, Volkswagen and BMW. The manufacture of automotive parts is also a key contributor to Thailand’s economy and in 2018, it was the world’s 13th largest automotive parts exporter. The automotive industry as a whole employs approx. 500,000 people in Thailand and in 2018, exports were valued at approx. 950 billion baht.
Thailand is one of the biggest manufacturers of electronics in South East Asia and as a result, the government offers incentives to encourage international companies to invest in this sector. In 2018 the total value of exports of electronics produced in Thailand was $62.1 billion. Thailand is one of the biggest producers of air conditioning units and refrigerators in the world and it has approximately 2,419 companies in the electrical and electronics industry which employ a total of 753,357 people .
Thailand is one of the world’s largest rice producers, producing around 21 million tonnes per year. Approximately 11 million tonnes of this is consumed within Thailand whilst the rest is exported. The agricultural sector represented 33% of employment in 2017 and 60% of all farmers in Thailand produce rice. Thailand is also the largest exporter of Durian fruit and it accounts for 80% of global exports, a large proportion of which is supplied to China.
Famous for its beautiful beaches and UNESCO sites, Thailand was the 10th most visited country in the world in 2018 as it welcomed approximately 35 million tourists. This figure not only accounted for leisure tourism but also people travelling abroad to do business or seek medical treatment and visit health retreats. In 2017 the industry was estimated to have created 2.3 million jobs, a figure which is expected to have increased by approximately 1 million in 2028.