Thailand and ADB

In the Spotlight

  • Thailand: Industrialization and Economic Catch-Up

    This report identifies some of Thailand’s critical development constraints and discusses policy measures and economic reforms needed to accelerate economic transformation toward a more modern and service-oriented economy.

  • Knowledge Sharing and Lending for Thailand

    ADB's 2016-2018 Thailand operation business plan places emphasis on knowledge sharing, private sector lending, and application of public-private partnership (PPP). It will also focus on potential public sector lending in the education and transport sectors.

  • From Upstream to Downstream, Thailand Responds to Climate Change

    A new approach to integrated water resource management based on community participation is tapping into local knowledge to protect Thailand's territory from the increasingly severe flooding driven by climate change. 

  • First Cross-Border Bond under ASEAN+3 Bond Framework Issued

    A Thai baht bond issued by Japan’s Mizuho Bank opens the road for borrowers from one country to easily tap markets in other countries, while investors can put their money to work in other countries in the region.

With its strategic geopolitical position and significance as the second largest economy in the Association of Southeast Asian Nations (ASEAN), Thailand plays a major role in promoting regional cooperation and integration. Having attained upper middleincome status, the country aspires to reach higher-income status within the next 2 decades.

However, since the late 1990s, economic growth in Thailand has been impeded by global economic shocks, natural disasters, sociopolitical tensions, and relatively low investment. Other challenges to growth have included persistent inequality, environmental degradation, and an aging population.

The ADB country partnership strategy, 2013-2016 for Thailand provides the flexibility to respond to the country’s needs and priorities by blending sovereign and nonsovereign support.

Fact Sheet


Latest



67(2014) Population in millions

0.4%(2009-2014) Average annual population growth rate

12.6%(2012) Population living below the national poverty line

Download 2015 Basic Statistics