Doing Business in Thailand Guides. ASEAN and AEC. Learn from the Thailand Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about Thailand Franchise & Business Opportunities and other small business and SME entrepreneurship news. Thailand is welcoming of foreign investment, with JETRO (Japanese Trade Organization) calling it “the most optimal location for establishing a production/sales base in the coming five to ten years. Thailand is also one of the more open economies in the region. Over a number of years, Thailand, which has a population of 67 million, has managed to transform its economy from one that was primarily agriculture-based, to one of the most diverse in the region.
Doing Business in Thailand Guide
Thailand, the second largest economy in ASEAN after Indonesia, is an upper middle income country with an open economy and a gross domestic product (GDP) of $374 billion in 2014. An export-dependent economy, Thailand exported a total of $229 billion worth of goods in 2014, accounting for 61 percent of its GDP. Exports in 2014 grew 6 percent as compared to a contraction of 2 percent in the previous year. Together, China, Japan, and the United States accounted for 32.2 percent of the market for Thai exports in 2014. Industrial manufactured products are the top export, accounting for 77% of all exports in 2014. Electronics/electrical appliances and automobiles made up around one-third of total export value. Learn more from Thailand Business Guide provided by ExportGov from the US Government.