IMD World Competitiveness Booklet 2023

Thailand Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Bangkok

513 2022

35,061 2022

Exchange rate (per $)

25

28

29

30

66,07 2022 13 495,3 2022 29 22.395 2022 52 2,6 2022 44 6,08 2022 18 1,32 2022 03 39,90 2022 10 -3,48 2022 44 279,1 2021 22 2,90 2021 30

33

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• Rising cost of living and unbalanced growth. • Political uncertainty following the General Election 2023. • Handling of geopolitical risks. • Awareness and capability to cope with cyber security threats. • Insufficient skilled labor in the service sectors.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Thailand Management Association (TMA), Bangkok

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

3

8

8

22 22 19 22 25

22

27 25

29

34 31

38

39

44

47

53 54

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

8

8

9

9

9

9

10

11

11

12

114 Competitiveness Country Profiles