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    Thailand Facts And Figures

    Information on population, inflation rate, seasons, taxes, government, residency, visa requirements and more...

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        Blue Tuk Tuk, Thai traditional taxi in Bangkok. Thailand Facts and figures
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        Kathleen

        Reviewed By Kathleen Peddicord

        Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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          Table Of Contents

           

          Information Type

          Thailand Data

          Population 

          71,885,779 (est. 2024)

          Gross Domestic  Product PPP (GDP)

          US$514 billion (2023)

          GDP Per Capita

          US$7,801 (Dec 2023)

          Inflation Rate

          0.62% (June 2024)

          Currency

          Thai Baht (THB)

          Exchange Rate Versus U.S. Dollar 

          36.02 baht per U.S. dollar (July 2024)

          Language

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

          Capital

          Bangkok

          Population of Capital City

          BANGKOK (capital) 11.23 million; Samut Prakan 1.376 million (July 2024)

          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 Paetongtarn Shinawatra (since August, 2024)

          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

          Thai Chamber of Commerce

          American Chamber of Commerce

          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

          Thai Airways

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            Kathleen

            Reviewed By Kathleen Peddicord

            Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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              Table Of Contents

              Thailand Facts And Figures- FAQs

              Be The First To Ask About Thailand Facts And Figures

              Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

              Portugal is known for Fado music and also for being the largest cork producer in the world.

              Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

              Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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