The Thailand economy grew at an average rate of 5.4% between the years of 2008 and 2018. In general, Thailand has benefited from relatively well-developed infrastructure, a government with a strong commitment to a free market economy, and sound pro-investor policies.
GDP deflator rates in the country have also fluctuated, with a peak rate of 5.1% during 2008. The country experienced a GDP deflator rate of 2% in 2018.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 3.5% p.a. in a low scenario to 8.7% p.a. in a high scenario. Accordingly, the industry in Thailand is expected to achieve revenues of between $1.01bn to $1.29bn by 2023.
Published: 2020
Report Data: 2019
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