Diplomatic representation in the US:
chief of mission: Ambassador (vacant); Charge d'Affaires DAMRONG Kraikruan chancery: 1024 Wisconsin Avenue NW, Suite 401, Washington, DC 20007 telephone: [1] (202) 944-3600 FAX: [1] (202) 944-3611 consulate(s) general: Chicago, Los Angeles, New York
Diplomatic representation from the US:
chief of mission: Ambassador Eric G. JOHN embassy: 120-122 Wireless Road, Bangkok 10330 mailing address: APO AP 96546 telephone: [66] (2) 205-4000 FAX: [66] (2) 254-2990, 205-4131 consulate(s) general: Chiang Mai
Flag description:
five horizontal bands of red (top), white, blue (double width), white, and red
Economy
Thailand
Economy - overview:
With a well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies, Thailand appears to have fully recovered from the 1997-98 Asian Financial Crisis. The country was one of East Asia's best performers from 2002-04. Boosted by strong export growth, the Thai economy grew 4.5% in 2007. Bangkok has pursued preferential trade agreements with a variety of partners in an effort to boost exports and to maintain high growth. By 2007, the tourism sector had largely recovered from the major 2004 tsunami. Following the military coup in September 2006, investment and consumer confidence stagnated due to the uncertain political climate that lasted through the December 2007 elections. Foreign investor sentiment was further tempered by a 30% reserve requirement on capital inflows instituted in December 2006, and discussion of amending Thailand's rules governing foreign-owned businesses. Economic growth in 2007 was due almost entirely to robust export performance - despite the pressure of an appreciating currency. Exports have performed at record levels, rising nearly 17% in 2006 and 12% in 2007. Export-oriented manufacturing - in particular automobile production - and farm output are driving these gains.
GDP (purchasing power parity):