Thailand recently crossed into upper middle-income status, with the aspiration of progressing to a higher-income status. Economic growth, however, has been slower and more variable since the late 1990s due to global economic shocks, natural disasters, sociopolitical tensions, and relatively low investment.
With its position and size as the second largest economy in the Association of Southeast Asian Nations (ASEAN) and the Greater Mekong Subregion (GMS), Thailand can play a significant role in promoting regional cooperation and integration.
ADB support will respond to the government’s particular interest in ADB expertise to help catalyze knowledge, leverage private sector finance, and promote regional cooperation and integration.
64.62(2013) Population in millions
0.4%(2008-2013) Average annual population growth rate
13.2%(2011) Population living below the national poverty line