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Thailand Facts And Figures

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Thai Facts And Figures

 

Information Type

Thailand Data

Population 

66,560,000 (November 2019)

Gross Domestic  Product PPP (GDP)

US$540 billion (June 2020)

GDP Per Capita

US$6,606 (June 2020)

Inflation Rate

-1.06% (June 2020)

Currency

Thai Baht (THB)

Exchange Rate Versus U.S. Dollar 

31.32 baht per U.S. dollar (June 2020)

Language

Thai, English (secondary language of the elite), Burmese, ethnic and regional dialects

Capital

Bangkok

Population of Capital City

BANGKOK (capital) 8.28 million; Samut Prakan 1.327 million (June 2020)

Time Zone

UTC/GMT +7 hours

Seasons

Tropical: rainy, warm, cloudy southwest
monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid

International Dialing Code

66

Electricity

220V, 50Hz

System of Government

Constitutional monarchy administered by military junta

Current Leader

Prime Minister Prayut Chan-o-cha (since May 22, 2014)

Income Tax Rate for Residents

 

Residents are liable to tax on their worldwide income at progressive rates, from 0% to 37%

Property Tax

Owner occupied and uninhabited dwellings pay no property tax. Rented properties are taxed 12.5% of the assessed annual rental value of the property.

Capital Gains Tax

Capital gains are exempt from personal income tax if the shares sold are of a public company registered on the stock exchange of Thailand. Otherwise, gains are subject to the normal progressive personal income tax rates.

Inheritance Tax

no

Rental Income Tax

progressive rates from 10% to 37%

Transfer Tax

0.10%

Sales Tax

7%

Restrictions on Foreign Ownership of Property

Thailand law generally prohibits foreigners from owning freehold land in Thailand

Local Chamber of Commerce

http://www.thaichamber.org

American Chamber of Commerce

http://www.amchamthailand.com/acct/asp/default.asp

Primary Exports

Electronics, computer parts, automobiles and parts, electrical appliances, machinery and equipment, textiles and footwear, fishery products, rice and rubber

Residency and Visa Requirements

Citizens of 48 countries (U.S. included) entering Thailand by air will be granted a 30 day stay. If such foreigners enter at the immigration checkpoints which border neighboring countries, they will be allowed to stay for 15 days each time

Special Benefits for  Foreign Residents or Retirees

Obtaining a Permanent Residence Permit also known as Residence Visa/Permanent Visa will allow you to stay in Thailand permanently without the need for a Visa. Thailand offers several residency visa options. Retirees typically want the non-immigrant “O-A” (long-stay) visa.

National Airline

http://www.thaiairways.com

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