ASEAN Fast Facts

ASEAN population is 9% of the world’s population 604 million people

ASEAN+3 population is 31% of the world’s population 2.13 billion people

ASEAN+6 population is 49% of the world’s population 3.36 billion people

ASEAN GDP is 3.1% of the world’s GDP US$ 2.18 trillion

ASEAN+3 GDP is 24% of the world’s US$ 16.46 trillion

ASEAN+6 GDP is 28% of the world’s US$ 19.79 trillion

ASEAN+3 trade is 24% of world’s trade US$ 8.79 trillion

ASEAN+6 trade is 28% of world’s trade US$ 10.14 trillion

Source: http://investasean.asean.org/

Total area 513,115 km2

Time zone +7 GMT

Language Thai

Religion Theravada Buddhist

Population 67 million

Labor Force 39.64 million

Neighbours: Cambodia, Laos, Malaysia,

Myanmar

Capital City: Bangkok (Krung Thep)

Primary Port: Bangkok

Primary Airport: Suvarnabhumi

Currency Baht (THB)

Source: CIA World Factbook

Country name:conventional long form: Kingdom of Thailand conventional short form: Thailand

Government type constitutional monarchyLegal system civil law system with common law influences

Head of state King Bhumibol AdulyadejHead of government Yingluck Shinawatra

Key Macro Economic Indicators and Forecast

Indicators 2012 2013 2014 2015 2016 2017 2018Real GDP (% change) 6.5 2.9 3.2 4.4 4.8 4.5 4.3Nominal GDP (US$ bil.) 366.0 388.5 388.6 429.1 469.5 524.7 562.2Real Consumer Spending (% change)

6.7 0.5 2.8 3.9 3.6 3.7 5.1

Real Imports of Goods and Services (%change)

6.2 2.4 3.3 5.1 5.5 5.6 5.5

Real Exports of Goods and Services (% change)

3.1 4.0 3.6 5.2 5.1 5.0 4.9

Industrial Production Index (% change)

2.1 -3.0 2.9 5.4 5.3 4.7 4.3

Consumer Price Index (% change)

3.0 2.2 1.8 2.3 3.1 3.4 3.5

Policy Interest Rate (%) 2.75 2.25 2.75 3.50 3.75 4.61 4.30Population (mil.) 66.79 67.01 67.22 67.40 67.54 67.65 67.74Unemployment Rate (%) 0.7 0.8 0.7 0.7 0.7 0.7 0.7Exchange Rate (LCU/US$, end of period)

30.63 32.82 32.09 31.49 31.37 30.48 30.71Source: IHS Global Insight 2014

GDP Composition, by Sector

Top-10 Sectors Ranked by Value Added

Agricultural Products

rice, cassava (manioc), rubber, corn, sugarcane, coconuts, soybeans

Industries

tourism, textiles and garments, agricultural processing, beverages, tobacco, cement,

light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts

2013 Level Percent(Bil. US$)

2014 Percent Change(Real terms)

Share of GDP(Nominal terms)

1. Agriculture 40.5 2.5 10.1

2. Wholesale trade 33.1 4.6 8.3

3. Retail trade - total 27.0 2.6 6.7

4. Public Admin. & Defense 25.5 5.1 6.4

5. Banking & related financial

18.5 6.6 4.6

6. Education 16.2 3.0 4.0

7. Food products 15.6 5.9 3.9

8. Hotels & restaurants 13.9 5.4 3.5

9. Motor vehicles 12.3 -0.6 3.1

10. Real estate 11.4 5.6 2.9

Thailand Key Industries

Agriculture-Thailand and ASEAN is one of the most productive agricultural baskets in the world. In 2012, the region produced 129 million tons of rice, 40 million tons of corn, 171 million tons of sugarcane, 1.44 million tons of soybean, and 70.34 million tons of cassava

Air Travel-The move towards an ASEAN Single Aviation Market boosted infrastructure investment and aviation development plans in the region. Thailand is a hub of air transportation of ASEAN and ASIA

Automotive-The auto industry in Thailand and ASEAN have exhibited strong growth over the last few years. Combined motor vehicle sales in 6 major ASEAN countries (Indonesia, Malaysia, Thailand, Philippines, Viet Nam, and Singapore) reached an all time high of 3.5 million units in 2012, almost double of sales figures in 2007 which is 1.9 million units. Production of motor vehicles rose 41.5% year-on-year between 2011 and 2012.

Electronics-The electronics sector accounts for 20% to 50% of the total value of exports

of most countries in Asia. High quantities of the world’s consumer electronics like televisions, radios, computers, and cellular phones come from the ASEAN region. More than 80% of the world’s hard drives are made in Thailand and ASEAN.

Source: http://investasean.asean.org/

Thailand Key Industries

Fisheries-ASEAN has been a major producer of fish and other fisheries products. Combined, the 10 ASEAN countries accounted for a quarter of global fish production. Of the world’s top ten largest fish producers, four are from ASEAN - Indonesia, Thailand, Viet Nam, and the Philippines.

Tourism-ASEAN and Thailand is the fastest growing destination-region in the world, followed by South Asia.

Textile and Apparels-Textile is one of the largest export products from ASEAN, amounting to almost US$ 10 billion in 2011.

Healthcare-Thailand’s evolving demographics and lifestyle is driving changes in the healthcare sector.

Logistics -investors are presented with wide ranges of possibilities as ASEAN and Thailand pursue improved connectivity through various modes and access to ports, sophisticated logistics services, and skilled professionals in all aspects of supply chains.

Source: http://investasean.asean.org/

Exports$229.1 billion (2013 est.)

Export –Commoditieselectronics, computer parts, automobiles and parts, electrical appliances, machinery and equipment, textiles and footwear, fishery products, rice, rubber

Exports-PartnersChina 11.7%, Japan 10.2%, US 9.9%, Hong Kong 5.7%, Malaysia 5.4%, Indonesia 4.9%, Singapore 4.7%, Australia 4.3%

Imports$223 billion (2013 est.)

Import –Commoditiescapital goods, intermediate goods and raw materials, consumer goods, fuels

Imports-PartnersJapan 20%, China 14.9%,

UAE 6.3%, Malaysia 5.3%, US 5.3%

Source: CIA World Factbook

Country Trade Agreement Effective Date

Thailand-Australia January 1, 2005

Thailand-New Zealand July 1, 2005

Thailand – Japan November 1, 2007

Thailand-India September 1, 2004

ASEAN-China October 1, 2003

ASEAN-Korea January 1, 2010

ASEAN-Australia-New Zealand March 12, 2010

ASEAN-India January 1, 2010

ASEAN-Japan June 1, 2009

AFTA January 1, 2002 – 5 percentJanuary 1, 2010 – 0 percent

Thailand-Peru December 31, 2011

Thailand-Chile October 4, 2013

Trade Integration

Trans-Pacific Network of FTAs that are already in Force or Negotiation

Source: ASEAN Foundation

Topics DB 2013-2014 Rank

Thailand ArgentinaCompetitiveness 38th 104thEase of Doing Business 18 126

Dealing with Construction Permits 14 181

Getting Electricity 12 80

Registering Property 29 138

Getting Credit 73 73Protecting Investors 12 98Paying Taxed 70 153Trading Across Borders 24 129Enforcing Contracts 22 57Resolving Insolvency 58 97

Source: World Bank 2014; World Economic Forum 2014

2009 2010 2011 2012 2013

Imports 441,745 525,260 608,999 646,007 1,075,159

Exports 383,488 594,461 716,287 948,282 1,035,998

Trade Balance -58,257 69,201 107,288 302,275 -39,161

Unit $US Source: Trade Map

Export-Main Products

•Electrical, electronic equipment•Vehicles•Machinery, nuclear reactors, boilers•Iron or Steel•Rubber

Import-Main Products•Animal Feed•Oil seed, oleagic fruits, grain, seed, fruit•Raw hides and skins•Vehicles•Fish, crustaceans, molluscs, aquatic invertebrates

Muchas Gracias!Welcome to Thailand!