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Farmer and son in a plantation

Thailand fact sheet

Thailand’s world-class infrastructure connects the region through air, land, sea and rail. The country is pursuing Thailand 4.0, a value-based, innovation-driven digital economy model.

About Thailand

69.5 million

69.5 million

Population size

39 years

39 years

Median age




Thai baht (THB)

Thai baht (THB)

Currency unit



Internet penetration rate



Mobile penetration rate

Further resources

Economic zones
  • 75 Industrial Estates
  • 10 Special Economic Zones (SEZs)

Thailand Plus, a stimulus package introduced to attract FDIs, offers tax incentives, tax deduction for STEM developments and development of new special investment zones.


BOI Investment Incentive Scheme


Investment benefits on Eastern Economic Corridor (EEC)

  • Exemption from corporate income taxation (CIT) for 13 years
  • Exemption of import duties on machinery
  • Matching grants for investment
  • Permission to own land for BOI projects
  • Rights to state's land for 50 years
  • Personal income tax rate of 17 per cent
  • One-stop service centre
  • Five-year work visa

World Economic Outlook (October 2021); World Bank; UNESCO Institute of Statistics; International Labour Organization: Global Wage Report 2020–21: Wages and minimum wages in the time of COVID-19; Asian Development Bank; Thailand Board of Investment (BOI), The Revenue Department of Thailand

This fact sheet is given on a general basis without obligation and is strictly for information only. Nothing in this fact sheet constitutes accounting, legal, regulatory, tax or other advice. This fact sheet is not intended as an offer, recommendation, solicitation, or advice to purchase or sell any investment product, securities or instruments. Although reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this fact sheet, UOB and its employees make no representation or warranty, whether express or implied, as to its accuracy, completeness and objectivity and accept no responsibility or liability for any error, inaccuracy, omission or any consequence or any loss or damage howsoever suffered by any person arising from any reliance on the information in this fact sheet.

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