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Thailand, located in Southeast Asia, is known for its rich cultural heritage and stunning landscapes. It covers a total area of approximately 513,120 square kilometers and is home to a diverse population of over 69 million people.
Thailand is divided into 76 provinces, each with its own unique characteristics. Here are a few provinces and their respective provincial capitals:
Bangkok - Population: Over 8 million
Chiang Mai - Population: Over 1.7 million
Phuket - Population: Over 416,000
Krabi - Population: Over 456,000
Five Top Cities in Thailand
Thailand's urban centers are vibrant and bustling. The top five most populous cities include:
Bangkok - Population: Over 8 million
Nonthaburi - Population: Over 270,000
Nakhon Ratchasima - Population: Over 175,000
Chiang Mai - Population: Over 131,000
Hat Yai - Population: Over 158,000
Economy of Thailand in Figures
Gross Domestic Product (GDP): Thailand's GDP is approximately 543 billion USD, positioning it as one of Southeast Asia's largest economies.
GDP Growth: The GDP growth rate has averaged around 2-3% in recent years, although it has been influenced by global economic trends and domestic factors.
GDP per Capita: Thailand's GDP per capita stands at about 7,800 USD, reflecting its status as an upper-middle-income economy in the region.
Exports and Imports: Thailand's exports total around 250 billion USD annually, with key products including electronics, automobiles, and agricultural goods. Imports are approximately 210 billion USD, covering machinery, fuel, and chemicals. Visit Bank of Thailand for trade details
Unemployment Rate: The unemployment rate in Thailand remains low, hovering around 1-2%, which is among the lowest globally, partly due to the prevalence of informal work.
Ease of Doing Business: Thailand ranks 21st globally in the ease of doing business, making it a favorable destination for investment and business operations. Ease of Doing Business Report
Key Sectors: Thailand’s economy is driven by manufacturing (especially automobiles and electronics), agriculture (notably rice and rubber), and tourism, which contributes significantly to GDP. The services sector also plays a crucial role, particularly in finance and retail.
Top Companies in Thailand
PTT Public Company Limited: PTT is the largest oil and gas company in Thailand, with a market capitalization of approximately 12 billion USD. It plays a crucial role in the country's energy sector and is involved in various businesses including refining, retail, and petrochemicals. Visit PTT
Charoen Pokphand Group: As one of the largest conglomerates in Thailand, Charoen Pokphand has a capital of around 20 billion USD, specializing in agribusiness, food production, and retail. Visit Charoen Pokphand
Thai Beverage Public Company Limited: Thai Beverage is a leading alcoholic beverage company in Thailand, valued at about 14 billion USD. It is known for its flagship brand, Chang Beer. Visit Thai Beverage
Central Group: Central Group is a major retail and property development company, with a capital of approximately 10 billion USD, operating numerous department stores and hotels across Thailand. Visit Central Group
SCG (Siam Cement Group): SCG is a leading construction materials and chemicals company, with a market value of around 15 billion USD, contributing significantly to Thailand's industrial sector. Visit SCG
Bangkok Bank: One of the largest banks in Thailand, Bangkok Bank has assets worth approximately 25 billion USD, providing a wide range of financial services. Visit Bangkok Bank
Kasikornbank: Valued at around 20 billion USD, Kasikornbank is a major player in Thailand's banking sector, offering various retail and corporate banking services. Visit Kasikornbank
Thai Oil Public Company Limited: Thai Oil is a leading refining and petrochemical company, with a capital of approximately 8 billion USD, playing a key role in the energy market. Visit Thai Oil
CP All Public Company Limited: This company is the operator of the 7-Eleven convenience store chain in Thailand, valued at around 5 billion USD, and has a strong presence in the retail sector. Visit CP All
True Corporation: A major telecommunications provider in Thailand, True Corporation has a market capitalization of approximately 4 billion USD, offering mobile and internet services. Visit True Corporation
Top Banks in Thailand
Bangkok Bank: The largest commercial bank in Thailand, Bangkok Bank has assets worth approximately 25 billion USD and offers a wide range of banking services including personal, corporate, and investment banking. Visit Bangkok Bank
Kasikornbank: Valued at around 20 billion USD, Kasikornbank provides various financial services including retail banking, corporate banking, and investment solutions. Visit Kasikornbank
Krung Thai Bank: A state-owned bank with assets of about 19 billion USD, Krung Thai Bank focuses on retail and corporate banking services, including loans and deposits. Visit Krung Thai Bank
Siam Commercial Bank: With assets worth approximately 18 billion USD, Siam Commercial Bank offers a wide range of financial services and is one of the oldest banks in Thailand. Visit Siam Commercial Bank
United Overseas Bank (UOB) Thailand: A branch of the Singapore-based UOB, it has a capital of around 15 billion USD and provides a range of banking and financial services. Visit UOB Thailand
Thanachart Bank: With assets of about 12 billion USD, Thanachart Bank focuses on retail and commercial banking, offering loans and deposit services. Visit Thanachart Bank
CIMB Thai Bank: Valued at approximately 10 billion USD, CIMB Thai Bank provides a variety of financial services, including personal and corporate banking. Visit CIMB Thai Bank
Bank of Ayudhya: Also known as Krungsri, this bank has assets of around 9 billion USD and offers comprehensive banking solutions. Visit Bank of Ayudhya
Land and Houses Bank: With a market capitalization of approximately 6 billion USD, this bank focuses on residential mortgage lending and retail banking services. Visit Land and Houses Bank
RHB Bank (Thai): A subsidiary of RHB Bank Berhad, it has a capital of around 5 billion USD and provides banking and financial services in Thailand. Visit RHB Bank Thailand
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