<P> Thailand is a newly industrialized country . Its economy is heavily export - dependent , with exports accounting for more than two - thirds of its gross domestic product ( GDP ) . In 2017 , according to the IMF , Thailand had a GDP of 15.450 trillion baht ( US $455 billion ) , the 8th largest economy of Asia . Thailand has a headline inflation rate of 3.02 percent and an account surplus of 0.7 percent of the country 's GDP . In 2013 , the Thai economy is expected to grow in the range of 3.8 -- 4.3 percent . During the first half of 2013 ( Q1 - Q2 / 2013 ) , the Thai economy grew by 4.1 percent ( YoY ) . After seasonal adjustment , however , Thailand 's GDP contracted by 1.7 percent and 0.3 percent in the first and the second quarters of 2013 respectively . </P>
<P> Thailand is a newly industrialized country . Its economy is heavily export - dependent , with exports accounting for more than two - thirds of its gross domestic product ( GDP ) . In 2017 , according to the IMF , Thailand had a GDP of 15.450 trillion baht ( US $455 billion ) , the 8th largest economy of Asia . Thailand has a headline inflation rate of 3.02 percent and an account surplus of 0.7 percent of the country 's GDP . In 2013 , the Thai economy is expected to grow in the range of 3.8 -- 4.3 percent . During the first half of 2013 ( Q1 - Q2 / 2013 ) , the Thai economy grew by 4.1 percent ( YoY ) . After seasonal adjustment , however , Thailand 's GDP contracted by 1.7 percent and 0.3 percent in the first and the second quarters of 2013 respectively . </P>
what type of economic system does thailand have
what type of economic system does thailand have
heavily export - dependent
heavily export - dependent