Thailand is the second-largest economy in South East Asia and as part of the ASEAN (Association of South East Nations), has become a regional leader in tourism, automotive and electronics. The country has a resilient economy that is heavily dependent on exports and has well-developed infrastructure which provides good support for the industry and service sectors, which produces about 90% of GDP.
Thailand also has one of the lowest unemployment rates in the world, reported as 1% for the first quarter of 2014. Further, the country has laid out a long-term economic goal – 20-year National Strategy – which covers 3 core elements: advancing technology and innovation to enhance the country’s hub capability, improving infrastructure, and promoting policies to provide better support for Small to Medium Size enterprises, in areas such as agriculture and healthcare.
Its currency, the Thai Baht, is ranked as the 10th most frequently used currency in the world.
In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified low numbers of Advisory Boards in Thailand.
The assessment has identified low numbers of Advisory Board professionals in Thailand. Minimal participation in the market may indicate:
As an emerging sector in Thailand, connection and collaboration with the global Advisor community will present strong future growth opportunities. Further, focusing on key market sectors – tourism, automotive and electronics – as well as acknowledging start-up and emerging industries are essential. It will also be important for Advisory Board professionals in the market to be credentialed to best practice and ethics as this sector grows over time.
|Population||69.63m||Labour Force by occupation|
|GDP by sector|
|Services||75.2%||Global ease of doing business rank||21st (relatively easy)|
|Global ease of doing business score||84.6/100|