Economy of Thailand

The Thai economy can be classified as an emerging one, with high rates of gradual and steady growth and becoming one of the most influential factors in Asian industry and production. The Thai economy relies mainly on export of goods since the country produces to satisfy the needs of the huge markets worldwide.

Steadily growing witl almost 10% each year since 1986, the Thai industry has passed through several financial crisises, the most serious of which was the Asian financial crisis where the Thai market significanntly shrinked. However, Thailand recovered and is currently expanding its export partner states and territories as