About Thailand

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Geography and Climate
Thailand is the world’s 50th largest country, with a total area of 513,120 sq km. Located at the center of Southeast Asia along the Andaman Sea and the Gulf of Thailand, the country shares borders with the Lao People’s Democratic Republic and Cambodia to the east, Myanmar to the north and west, and Malaysia to the south.

Thailand’s capital is Bangkok, a sprawling metropolis home to 10 million people. Other major cities are Rayong in the East, Nakhon Ratchasima (Korat) in central Thailand and Chiang Mai in the north. In addition to Bangkok and Chiang Mai, major tourist destinations include Phuket in the south and Pattaya on the country’s eastern seaboard.

Thailand’s climate is tropical, high in both temperature and humidity, with the north and northeast generally cooler than Bangkok in winter and hotter in summer. April and May are the hottest months of the year, and the rainy season extends from June until the end of October. From November to the end of February, the climate is much cooler and less humid.




The Economy
The economy in 2013 is projected to grow by 5 percent as manufacturing production fully recovers from the floods and the global economy sees a modest recovery. Exports in 2013 are projected to grow by 5.5 percent in US dollar terms compared to only 3.6 percent in 2012. GDP in 2012 is estimated to grow by 4.7 percent and in 2013 it is projected to grow by 5 percent. Inflation also remained low at around 3 percent and is expected to be so in 2013.

World Bank conducts a study of Ease of Doing Business in countries around the world.In 2013, Thailand is ranked at No.18 in the world, placing in 4th in East Asia Pacific.

Minimum wages in Thailand were increased by 40 percent across the country on April 1, 2012 and it is raised to Bt300 per day nationwide on January 1, 2013. Thailand’s workforce has earned a reputation for diligence and adaptability.

The estimated population is 64 million of which approximately 9.3 million live in Bangkok and its vicinities. The Thai workforce exceeds 38 million, with the majority under 35 years of age. Many standard labor practices apply, including mandatory severance packages, and overtime payments for work in excess of normal hours.

Extracted from http://www-wds.worldbank.org, http://www.un.or.th and http://www.doingbusiness.org