Finance of Thailand
The minimum monthly wage in Thailand is dependent on the each administrative territory. Thailand has a government debt of 43.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Thailand is 2.2%. The currency of Thailand is Thai baht. The plural form of the word Thai baht is bahts. The symbol used for this currency is ฿, and it is abbreviated as THB. The Thai baht is divided into satang; there are 100 in one baht. Each year, consumers spend around $218,205 million. The ratio of consumer spending to GDP in Thailand is 0.05%, and the ratio of consumer spending to the world consumer market is 51%. The corporate tax in Thailand is set at 20%. Personal income tax ranges from 0% to 35%, depending on your specific situation and income level. VAT in Thailand is 7%.
Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Thailand is $1,069,569 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Thailand was last recorded at $15,459,959. PPP in Thailand is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Thailand is 420,167 billion. Based on this statistic, Thailand is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Thailand. The Gross Domestic Product (GDP) per capita in Thailand was last recorded at $6,073,254. The average citizen in Thailand has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Thailand averaged 1% in 2014. According to this percentage, Thailand is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.