Thailand Lauren Stewart and George Panagiotopoulos
About Thailand Total Area: 513,120 sq. km Type of Government: Constitutional Monarchy Prime Minister: Prayuth Chan-ocha Capital: Bangkok Currency: Thai Baht Population: 67.4 million
The Thai Political Crisis
Thailand’s Current Economy and Population
Why Unemployment is so Low At a.7% unemployment rate it’s important to understand the reason why Still Developing as a Country; over 40% of labor force works in agriculture* Underemployed still means Employed, Shades of Grey* Fertility Rate decreases, while retiree’s increase “No Free Lunch” *
Thailand’s Economic History
Thailand’s Industries Tourism: A pillar industry accounting for 10% of the economy Possible impacts on tourism: Political instability, natural disasters, terrorism Agricultural: 40% of the labor force is in the agricultural industry This accounts for the very low unemployment rate The Shadow Economy: Feeds off of the tourism industry The sex industry in cities
Sources han.cnn Contribution-to-GDP-percent-share