enjoying the world's highest growth rate from 1985 to
1995 - averaging almost 9% annually - increased speculative
pressure on Thailand's currency in 1997 led to a crisis
that uncovered financial sector weaknesses and forced
the government to float the Baht.
pegged at 25 to the dollar, the Baht reached its lowest
point of 56 to the dollar in January 1998 and the economy
contracted by 10.2% that same year. Thailand entered a
recovery stage in 1999, expanding 4.2% and grew about
the same amount in 2000, largely due to strong exports
- which increased about 20% in 2000. An ailing financial
sector and the slow pace of corporate debt restructuring,
combined with a softening of global demand, is likely
to slow growth in 2002.
Thailand Natural Resources
resources include tin, rubber, natural gas, tungsten,
tantalum, timber, lead, fish, gypsum, lignite and fluorite.
Thailand is the world's second largest tungsten producer
and third largest tin producer. Industries include tourism,
textiles and garments, agricultural processing, beverages,
tobacco, cement, light manufacturing, jewelry, electric
appliances, computers and parts, integrated circuits,
furniture and plastics. Main agricultural products are
rice, cassava (tapioca), rubber, corn, sugarcane, coconuts
Major Export & Import
exports are manufactures, agricultural products and fisheries.
Major imports are capital goods, consumer goods and fuels.
more information, please do not hesitate to CONTACT