Compare Thailand (2008) - Thailand (2007)

Compare Thailand (2008) z Thailand (2007)

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	Thailand (2008)	Thailand (2007)

Budget	revenues: $43.61 billion expenditures: $48.18 billion (2007 est.)	revenues: $38.74 billion expenditures: $36.61 billion (2006 est.)
Debt - external	$58.6 billion (30 June 2007)	$59.93 billion (2006 est.)
Diplomatic representation from the US	chief of mission: Ambassador Eric G. JOHN embassy: 120-122 Wireless Road, Bangkok 10330 mailing address: APO AP 96546 telephone: [66] (2) 205-4000 FAX: [66] (2) 254-2990, 205-4131 consulate(s) general: Chiang Mai	chief of mission: Ambassador Ralph L. BOYCE embassy: 120-122 Wireless Road, Bangkok 10330 mailing address: APO AP 96546 telephone: [66] (2) 205-4000 FAX: [66] (2) 254-2990, 205-4131 consulate(s) general: Chiang Mai
Economy - overview	With a well-developed infrastructure, a free-enterprise economy, and generally 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 from 2002-04. Boosted by strong export growth, the Thai economy grew 4.5% in 2007. Bangkok has pursued preferential trade agreements with a variety of partners in an effort to boost exports and to maintain high growth. By 2007, the tourism sector had largely recovered from the major 2004 tsunami. Following the military coup in September 2006, investment and consumer confidence stagnated due to the uncertain political climate that lasted through the December 2007 elections. Foreign investor sentiment was further tempered by a 30% reserve requirement on capital inflows instituted in December 2006, and discussion of amending Thailand's rules governing foreign-owned businesses. Economic growth in 2007 was due almost entirely to robust export performance - despite the pressure of an appreciating currency. Exports have performed at record levels, rising nearly 17% in 2006 and 12% in 2007. Export-oriented manufacturing - in particular automobile production - and farm output are driving these gains.	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 from 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.
Exchange rates	baht per US dollar - 33.599 (2007), 37.882 (2006), 40.22 (2005), 40.222 (2004), 41.485 (2003)	baht per US dollar - 37.882 (2006), 40.22 (2005), 40.222 (2004), 41.485 (2003), 42.96 (2002)
Executive branch	chief of state: King PHUMIPHON Adunyadet (BHUMIBOL Adulyadej) (since 9 June 1946) head of government: Prime Minister SAMAK Sundavavej (since 29 January 2008); Deputy Prime Minister MINGKWAN Saengsuwan (MINGKWAN Sangsuwan) (since 7 February 2008); Deputy Prime Minister SAHAS Banditkun (SAHAS Banditkul) (since 7 February 2008); Deputy Prime Minister SANAN Kachornprasat (ANA Kachornparsart) (since 7 February 2008); Deputy Prime Minister SOMCHAI Wongsawat (since 7 February 2008); Deputy Prime Minister SURAPONG Suebwonglee (since 7 February 2008); Deputy Prime Minister SUWIT Khunkitti (since 7 February 2008) cabinet: Council of Ministers note: there is also a Privy Council elections: none; monarch is hereditary; according to 2007 constitution, prime minister is designated from among members of House of Representatives; following national elections for House of Representatives, leader of party that could organize a majority coalition usually was appointed prime minister by king; prime minister is limited to two 4-year terms	chief of state: King PHUMIPHON Adunyadet (BHUMIBOL Adulyadej) (since 9 June 1946) head of government: Prime Minister SURAYUT Chulanon (SURAYUD Chulanont) (since 1 October 2006); Deputy Prime Minister KHOSIT Panpiamrat (KHOSIT Panpiemras) (since 8 October 2006); Deputy Prime Minister SONTHI Boonyaratglin (SOHTHI Boonyaratkalin) (since 1 October 2007); Deputy Prime Minister PHAIBUN Wattanasiritham (PAIBOON Wattanasiritham) (since 8 March 2007) note: Prime Minister THAKSIN Chinnawat (THAKSIN Shinawatra) was overthrown on 19 September 2006 in a coup led by General SONTHI Boonyaratglin (SONTHI Boonyaratkalin) cabinet: Council of Ministers note: there is also a Privy Council elections: none; monarch is hereditary; according to 2007 constitution, prime minister is designated from among members of House of Representatives; following national elections for House of Representatives, leader of party that could organize a majority coalition usually was appointed prime minister by king; prime minister is limited to two 4-year terms
Exports	225,700 bbl/day (2004)	NA bbl/day
Exports - partners	US 15%, Japan 12.6%, China 9%, Singapore 6.4%, Hong Kong 5.5%, Malaysia 5.1% (2006)	US 15%, Japan 12.7%, China 9%, Singapore 6.4%, Hong Kong 5.5%, Malaysia 5.1% (2006)
GDP - composition by sector	agriculture: 10.8% industry: 45.3% services: 43.8% (2007 est.)	agriculture: 10.7% industry: 44.6% services: 44.7% (2006 est.)
GDP - real growth rate	4.5% (2007 est.)	5% (2006 est.)
Imports	893,400 bbl/day (2004)	NA bbl/day
Imports - partners	Japan 19.9%, China 10.6%, US 7.5%, Malaysia 6.6%, UAE 5.5%, Singapore 4.4% (2006)	Japan 20.1%, China 10.6%, US 6.7%, Malaysia 6.6%, UAE 5.6%, Singapore 4.5% (2006)
Industrial production growth rate	4.6% (2007 est.)	6% (2006 est.)
Inflation rate (consumer prices)	2.2% (2007)	4.6% (2006 est.)
International organization participation	ADB, APEC, APT, ARF, ASEAN, BIMSTEC, BIS, CP, EAS, FAO, G-77, IAEA, IBRD, ICAO, ICC, ICCt (signatory), ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM, OAS (observer), OIC (observer), OPCW, OSCE (partner), PCA, UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIS, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO	APEC, APT, ARF, AsDB, ASEAN, BIMSTEC, BIS, CP, EAS, FAO, G-77, IAEA, IBRD, ICAO, ICC, ICCt (signatory), ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM, OAS (observer), OIC (observer), ONUB, OPCW, OSCE (partner), PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIS, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Labor force	37.12 million (2007 est.)	36.55 million (2006 est.)
Legislative branch	bicameral National Assembly or Rathasapha consisted of the Senate or Wuthisapha (150 seats; 76 members elected by popular vote representing 76 provinces, 74 appointed by judges and independent government bodies; all serve six-year terms) and the House of Representatives or Sapha Phuthaen Ratsadon (480 seats; 400 members elected from 157 multi-seat constituencies and 80 elected on proportional party-list basis of 10 per eight zones or groupings of provinces; all serve four-year terms); after coup in September 2006, coup leaders appointed an interim National Assembly with 250 members to act as Senate and House of Representatives elections: Senate - last held on 19 April 2006 (next to be held on 6 March 2008); House of Representatives - last election held on 23 December 2007 (next to be held in December 2011) election results: Senate - percent of vote by party - NA; seats by party - NA; House of Representatives - percent of vote by party - NA; seats by party - PPP 233, DP 164, TNP 34, Motherland 24, Middle Way 11, Unity 9, Royalist People's 5	bicameral National Assembly or Rathasapha consisted of the Senate or Wuthisapha (150 seats; 76 members elected by popular vote representing 76 provinces, 74 appointed by judges and independent government bodies; all serve six-year terms) and the House of Representatives or Sapha Phuthaen Ratsadon (480 seats; 400 members elected from 157 multi-seat constituencies and 80 elected on proportional party-list basis of 10 per eight zones or groupings of provinces; all serve four-year terms); after coup in September 2006, coup leaders appointed an interim National Assembly with 250 members to act as Senate and House of Representatives elections: Senate - last held on 19 April 2006; House of Representatives - last valid election held on 6 February 2005; elections held on 2 April 2006 invalidated by court ruling; next general election will be held on 23 December 2007 election results: Senate - percent of vote by party - NA; seats by party - NA; House of Representatives - (2005 election) percent of vote by party - NA; seats by party - TRT 376, DP 97, TNP 25, PP 2
Pipelines	gas 4,381 km; refined products 320 km (2007)	gas 3,760 km; refined products 379 km (2006)
Political parties and leaders	Democrat Party or DP (Prachathipat Party) [ABHISIT Wetchachiwa] (ABHISIT Vejjajiva); Matchima Thippatai (Middle Way Party) [ANONGWAN Therpsuthin]; Motherland Party (Peua Pandin Party) [SUWIT Khunkitti]; People Power Party (Palang Prachachon Party) or PPP [SAMAK Sunthorawet] (SAMAK Sundaravej); Royalist People's Party (Pracharaj) [SANOH Thienthong]; Ruam Jai Thai Party (Thai Unity Party) [CHETTA Thanacharo]; Thai Nation Party or TNP (Chat Thai Party) [BARNHARN SILPA-ARCHA]	Democrat Party or DP (Prachathipat Party) [ABHISIT Wetchachiwa] (ABHISIT Vejjajiva); People's Party or PP (Mahachon Party) [ANEK Laothamatas]; People Power Party (Palang Prachachon Party) or PPP [SAMAK Sunthorawet] (SAMAK Sundaravej]; Thai Nation Party or TNP (Chat Thai Party) [BARNHARN SILPA-ARCHA]; Thai Party (Thai Rak) or TRT [CHATURON Chaisang]; note - dissolved by Constitutional Tribunal on 30 May 2007
Radio broadcast stations	AM 238, FM 351, shortwave 6 (2007)	AM 204, FM 334, shortwave 6 (1999)
Telephone system	general assessment: high quality system, especially in urban areas like Bangkok domestic: fixed line system provided by both a government owned and commercial provider; wireless service expanding rapidly and outpacing fixed lines international: country code - 66; connected to major submarine cable systems providing links throughout Asia, Australia, Middle East, Europe, and US; satellite earth stations - 2 Intelsat (1 Indian Ocean, 1 Pacific Ocean)	general assessment: high quality system, especially in urban areas like Bangkok domestic: fixed line system provided by both a government owned and commercial provider; wireless service expanding rapidly and outpacing fixed lines international: country code - 66; satellite earth stations - 2 Intelsat (1 Indian Ocean, 1 Pacific Ocean); landing country for APCN submarine cable
Unemployment rate	1.7% (2007 est.)	2.1% (2006 est.)

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