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      Thailand Facts And Figures

      Information on population, inflation rate, seasons, taxes, government, residency, visa requirements and more...

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          Blue Tuk Tuk, Thai traditional taxi in Bangkok. Thailand Facts and figures
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            Table Of Contents

             

            Information Type

            		 Thailand Data

            Population 

            		 71,885,779 (est. 2024)

            Gross Domestic  Product PPP (GDP)

            		 US$514 billion (2023)

            GDP Per Capita

            		 US$7,801 (Dec 2023)

            Inflation Rate

            		 0.62% (June 2024)

            Currency

            		 Thai Baht (THB)

            Exchange Rate Versus U.S. Dollar 

            		 36.02 baht per U.S. dollar (July 2024)

            Language

            		 Thai, English (secondary language of the elite), Burmese, ethnic and regional dialects

            Capital

            		 Bangkok

            Population of Capital City

            		 BANGKOK (capital) 11.23 million; Samut Prakan 1.376 million (July 2024)

            Time Zone

            		 UTC/GMT +7 hours

            Seasons

            		 Tropical: rainy, warm, cloudy southwest monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid

            International Dialing Code

            		 66

            Electricity

            		 220V, 50Hz

            System of Government

            		 Constitutional monarchy administered by military junta

            Current Leader

            		 Prime Minister Paetongtarn Shinawatra (since August, 2024)

            Income Tax Rate for Residents

                         		 Residents are liable to tax on their worldwide income at progressive rates, from 0% to 37%

            Property Tax

            		 Owner occupied and uninhabited dwellings pay no property tax. Rented properties are taxed 12.5% of the assessed annual rental value of the property.

            Capital Gains Tax

            		 Capital gains are exempt from personal income tax if the shares sold are of a public company registered on the stock exchange of Thailand. Otherwise, gains are subject to the normal progressive personal income tax rates.

            Inheritance Tax

            		 no

            Rental Income Tax

            		 progressive rates from 10% to 37%

            Transfer Tax

            		 0.10%

            Sales Tax

            		 7%

            Restrictions on Foreign Ownership of Property

            		 Thailand law generally prohibits foreigners from owning freehold land in Thailand

            Local Chamber of Commerce

            		 Thai Chamber of Commerce

            American Chamber of Commerce

            Primary Exports

            		 Electronics, computer parts, automobiles and parts, electrical appliances, machinery and equipment, textiles and footwear, fishery products, rice and rubber

            Residency and Visa Requirements

            		 Citizens of 48 countries (U.S. included) entering Thailand by air will be granted a 30 day stay. If such foreigners enter at the immigration checkpoints which border neighboring countries, they will be allowed to stay for 15 days each time

            Special Benefits for  Foreign Residents or Retirees

            		 Obtaining a Permanent Residence Permit also known as Residence Visa/Permanent Visa will allow you to stay in Thailand permanently without the need for a Visa. Thailand offers several residency visa options. Retirees typically want the non-immigrant “O-A” (long-stay) visa.

            National Airline

            		 Thai Airways

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              Kathleen

              Reviewed By Kathleen Peddicord

              Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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                Table Of Contents

                Thailand Facts And Figures- FAQs

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                Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

                Portugal is known for Fado music and also for being the largest cork producer in the world.

                Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

                Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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