Developing Asia To Extend Steady Growth in 2014

Higher demand from recovering advanced economies will be dampened somewhat by moderating growth in the PRC, says new ADB report. Read More

Small Bite, Big Threat: Vector-Borne Diseases in Asia

On World Health Day 2014, we focus on vector-borne diseases like dengue and malaria that are threatening the lives of millions across Asia and the Pacific. Read the transcript. Read More

Contagion Risks Loom for Asia's Bond Markets

Risks to the region's financial markets are increasing and countries need to be prepared, warns ADB’s latest report. Read More

Middle-income Trap Holds Back Asia's Potential New Tiger Economies

Moving from a low-cost to a high-value economy requires innovative companies, an improved education system, and government incentives. Read More

Overview

Thailand has transformed into a business-friendly, upper middle-income country of about 70 million people - an important regional economic hub in one of the most dynamic regions in the world. Difficult international economic conditions, Thailand's worst flooding in recent history in 2011, and political disturbances have undermined growth performance since 2009. Rising living standards, increasing labor costs, an aging population, and persistent inequality require a reorientation of development strategies to focus more on skills development, innovation, productivity growth, and environmental sustainability to achieve national aspirations for inclusive and sustainable development to reach high-income country status.

ADB's role in supporting Thailand's transformation is evolving accordingly - with an increasing focus on providing value-adding knowledge products and services, and leveraging of financial resources, particularly from the private sector.

Fast Facts

67.04 (2012)
Population in millions

0.8% (2010-2012)
Annual population growth rate

13.2% (2011)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
409.21 / 6.44
Agriculture (9)
 
160.72 / 2.53
Education (5)
 
2,261.35 / 35.59
Energy (34)
 
1,044.50 / 16.44
Finance (12)
 
500.00 / 7.87
Health (1)
 
90.46 / 1.42
Industry and Trade (3)
 
1,291.60 / 20.33
Transport and ICT (18)
 
595.00 / 9.36
Water Supply (9)
 
1.38 / 0.02
Multisector (1)
 
6,354.22 / 100.00
TOTAL (92)
Cumulative as of 31 December 2012