Thailand is Southeast Asia’s second largest economy with a gross domestic product (GDP) of around USD 385 billion in 2013. With a free-market economy, the Kingdom has a strong domestic market and a growing middle class, with the private sector being the main engine of growth. The Thai economy is well integrated into the global marketplace, with exports accounting for over 70 per cent of the Kingdom’s GDP. Thailand also has a strong industrial sector (38.1 per cent of GDP) and a robust and growing services sector (25.7 per cent of GDP) centred on the tourism and financial services industries. Though traditionally an agrarian society and historically one of the world’s few net food exporters, the agricultural sector today accounts for approximately 8.3 per cent of the country’s GDP.
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