ThailandLauren Stewart and George Panagiotopoulos

About Thailand

• Total Area: 513,120 sq. km

• Type of Government: Constitutional Monarchy

• Prime Minister: Prayuth Chan-ocha

• Capital: Bangkok

• Currency: Thai Baht

• Population: 67.4 million

The Thai Political Crisis

Thailand’s Current Economy and Population

Why Unemployment is so Low

• At a .7% unemployment rate it’s important to understand the reason why

• Still Developing as a Country; over 40% of labor force works in agriculture*

• Underemployed still means Employed, Shades of Grey*

• Fertility Rate decreases, while retiree’s increase

• “No Free Lunch” *

Thailand’s Economic History

Thailand’s Industries

• Tourism:• A pillar industry accounting for 10% of the economy

• Possible impacts on tourism: Political instability, natural disasters, terrorism

• Agricultural: • 40% of the labor force is in the agricultural industry

• This accounts for the very low unemployment rate

• The Shadow Economy: • Feeds off of the tourism industry

• The sex industry in cities

Sources

• https://tourthaitour.wordpress.com/pages/economic-impact-of-tourism-in-thailand/

• http://www.cnn.com/videos/business/2014/05/20/intv-wbt-thailand-economy-hana-microelectronics-ceo-han.cnn

• http://country-facts.findthedata.com/l/134/Thailand

• http://www.afr.com/opinion/thailand-election-wont-solve-the-political-crisis-20150524-gh8brj

• https://www.cia.gov/library/publications/the-world-factbook/geos/th.html

• http://dupress.com/articles/asia-pacific-economic-outlook-q2-2015-thailand/

• http://www.bbc.com/news/world-asia-15641745

• http://knoema.com/atlas/Thailand/topics/Tourism/Travel-and-Tourism-Total-Contribution-to-GDP/Total-Contribution-to-GDP-percent-share

• http://www.oxfordbusinessgroup.com/news/thailand-record-arrival-numbers-bode-well-tourism