FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.

Thailand Facts And Figures

Get Your Free Report Today!


Learn more about THAILAND and other countries in our free, daily Overseas Opportunity Letter. Simply enter your email address below and we’ll send you our FREE REPORT - Thailand: Low Cost Of Living And Pristine Beaches In The Land Of Smiles

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

Popular Articles

Thailand Articles

Adjusting To Life In Thailand: A Guide For Americans

When you consider the kinds of culture shock you might experience when you move overseas, it's usually related to food, weather, or language. Most of us don't think about something like our concept of time being changed. Tick tock, tick tock... time is time, right? After two decades in Thailand, I realize that my concept of time bears little resemblance to that of my fellow countrymen living in America. Please understand, I'm not referring to the old expat clichés about...

Read more

Get Your Free Report Today!


Learn more about THAILAND and other countries in our free, daily Overseas Opportunity Letter. Simply enter your email address below and we’ll send you our FREE REPORT - Thailand: Low Cost Of Living And Pristine Beaches In The Land Of Smiles

Download your FREE report on

The Best Places To Retire In 2023

New Year, New You, New Life Overseas

​Is Thailand Your Dream Destination?
 

​Learn more about ​​THAILAND ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​​Thailand: Low Cost Of Living And Pristine Beaches In The Land Of Smiles