Economy
Hi everybody !
Let's talk a little bit about the economical dynamism of Thailand ! Thailand has seen its economical power increase since the 1980s with the opening of the country to the rest of the world. Indeed, it has result in investments especially from Japan, boosting the industrialisation of the country, and a huge development of the tourism. Until the asian crisis in 1997, its economical growth was more than 9% per years !
In 2008 the country has also suffer a lot from the crisis but since 2010 the anual growth oscillates between 3% and 8% and the rate of unemployment is only 0.7%, prooving that its development is still not ended !
The principals fields of activity in the GDP were, in 2013, the services and the industry with a share of 42% for each, followed by the agriculture with 10 and the tourism with 6%.
With a such economical development, Thaïland will surely become more and more influential over the world, and why not be able to compete the other asians powerfull countries as Japan and China ... Let's see what the future holds in store for that country ;)
I hope you like this new post, and hope you'll come see the future ones ;)