IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL THAILAND

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Bangkok

2016 2017 2018 2019 2020

513 2019

25

27

31.048 2019 66.56 2019 543.6 2019 20,697 2019 2.4 2019 0.71 2019 0.99 2019 38.18 2019 6.86 2019 222.7 2018 1.57 2019

28

Exchange Rate (per $)

29

30

14

Population - market size (millions)

CHALLENGES IN 2020 Urgent measures to support citizen and small businesses affected by the Covid-19 crisis. • Urgent measures to support citizen and small businesses affected by the Covid-19 crisis. • Measures to recover key sectors affected by the new norm of social distancing and travel restriction e.g. tourism and services. • Establish national crisis management system with lessons learned from the current crisis, optimizing technology infrastructure. • Hasten digital transformation especially in education and healthcare. • Develop foresight planning capability to cope with the future.

23

Gross Domestic Product (GDP) (US$ billions)

50

GDP (PPP) per capita (US$)

22

Real GDP growth (%)

16

Consumer price inflation (%)

2

Unemployment rate (%)

11

Labor force (millions)

10

Current account balance (% of GDP)

27

Direct investment stocks inward ($bn)

Thailand Management Association (TMA), Bangkok Provided by: Thailand Management Association (TMA), Bangkok

41

Direct investment flows inward (% of GDP)

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 and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

5

5

10

15

17

20

24 21

26

28

29

33

34

38

39

40

40

41

49

55

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (29 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

8

9

9

9

9

10

10

10

11

12

110

IMD WORLD COMPETITIVENESS BOOKLET 2020