Agriculture is there primary source, but industry, commerce, and services account for the 80% of the gross domestic product.Thailand is one of the world's largest producers of rice, and this accounts for much of the country's agricultural output.
Bangkok is a major centre for the cutting and trading of gemstones, as well as the production of high quality gold and silver jewellery.In the last few years electronics, computers and integrated circuits, have become a major export earner and look set to play and increasing role in the future. Oil refineries, chemical plants, steel mills and similar industries are mainly centered around Sri Racha and Mab ta Phut just east of Rayong.
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Bangkok is a major centre for the cutting and trading of gemstones, as well as the production of high quality gold and silver jewellery.In the last few years electronics, computers and integrated circuits, have become a major export earner and look set to play and increasing role in the future. Oil refineries, chemical plants, steel mills and similar industries are mainly centered around Sri Racha and Mab ta Phut just east of Rayong.
Economy
Harvesting grain as they improve their land and their products.
Thailand's Economy |
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| Main Exports | GDP |
| Tin Textiles Fish Products Rice Tapioca Jewellery Electrical Appliances Furniture Plastics Integrated Circuits |
Construction 7% Agriculture 13% Industry 32% Services 48% |
The cost of living:
Apartment rental in Thailand will cost you between 3,000 - 10,000 per month. The lower end would be a single apartment room with air-con and fridge.
More expensive rents may include two room apartments and a shared swimming pool. Cheaper apartments are available but you may find that the quality is not good. If you are in Thailand to teach, I would not recommend staying in a very low-end apartment. You will need a place where you can relax at the end of a hard days work.
Apr. 1,000 per month for electricity and water, although this can vary greatly depending on how much you use air-con. If you do decide to use air-con often you can expect to pay about 3,000 Baht a month.
Emerald Temple, Bangkok, Thailand, October 20, 2003.
Economic Collapse and Subsequent Growth
Following several years of different economic growth, Thailand's economy, once one of the strongest in the region, collapsed under the weight of foreign debt in 1997. The Thai economy's downfall set off a chain reaction in the region. The Thai government quickly accepted restructuring as a condition of the International Monetary Fund's $17 billion bailout. Thailand's economy, while far from completely recovered, continued to improve over the next several years. Thaksin Shinawatra, head of the Thai Rak Thai Party, became prime minister in Jan. 2001. The hugely popular Thaksin, a billionaire telecommunications mogul, was indicted in Dec. 2000 on corruption charges but acquitted in Aug. 2001.
