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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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              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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