historically known as Siam, officially the Kingdom of Thailand, is a country in Southeast Asia. Thailand also shares maritime borders with Vietnam to the southeast, and Indonesia and India to the southwest. Thailand has experienced multiple coups and military dictatorships. From 2014 to 2019 it was formally under military rule, until the military introduced a new constitution and held elections which established the framework of a parliamentary constitutional monarchy.
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Economy: It is dependent on exports, which accounted in 2019 for about sixty per cent of the country's gross domestic product (GDP). Thailand itself is a newly industrialized country, with a GDP of 16.316 trillion baht (US$505 billion) in 2018, the 8th largest economy of Asia, according to the World Bank. As of 2018, Thailand has an average inflation of 1.06%[32] and an account surplus of 7.5% of the country's GDP. The Thai economy was expected to post 3.8% growth in 2019. Its currency, the Thai Baht
thailand
