This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (November 2007)

The economy of Thailand is lower middle income industrial developing nation, heavily export-dependent, with exports accounting for 60% of GDP. The exchange rate has reached 37.00/usd (GDP $7.3 trln baht) as of October 26, 2006, for a nominal GDP at market rates of approximately US$ 200 bln. However, due to rapid appreciation in 2007, nominal GDP hovers around $230 bln, slightly smaller than that of Guangdong. This keeps Thailand as the 2nd largest economy in Southeast Asia, after Indonesia, a position it has held for many years. Despite this, Thailand ranks midway in the wealth spread in SouthEast Asia as its 4th richest nation per capita, after Singapore, Brunei, and Malaysia. It is also an anchor economy for the neighboring least developed countries of Laos, Burma, and Cambodia. Thailand's recovery from the 1997-98 Asian financial crisis relied on exports, largely on external demand. Thailand has a strong automotive export industry along with electronic goods manufacturing which has helped to strengthen the baht. Agriculture has always been traditional income generation, but has declined in relative terms in recent years as overall exports increased. Tourism has been on the rise as well, but not without negative consequences. With the instability surrounding the recent coup, however, the GDP growth of Thailand has settled at around 4% from previous highs of 5-7% under the previous administration, as locals as well as foreign companies hold investment back due to political uncertainty. Image File history File links Question_book-3. ... ISO 4217 Code THB User(s) Thailand Inflation 4. ... Map of countries showing percentage of population who have an income below the national poverty line The poverty line is the level of income below which one cannot afford to purchase all the resources one requires to live. ... CIA figures for world unemployment rates, 2006 Unemployment is the state in which a person is without work, available to work, and is currently seeking work. ... Tourism in Thailand is a major economic factor of Thailand. ... For other uses, see Cement (disambiguation). ... The word appliance has several different areas of meaning, all usually referring to a device with a narrow function: One class of objects includes items that are custom-fitted to an individual for the purpose of correction of a physical or dental problem, such as prosthetic, orthotic appliances and dental... This article is about the machine. ... The term plastics covers a range of synthetic or semi-synthetic organic condensation or polymerization products that can be molded or extruded into objects or films or fibers. ... This article is about the type of fabric. ... The word drink is primarily a verb, meaning to ingest liquids, see Drinking. ... Shredded tobacco leaf for pipe smoking Tobacco can also be pressed into plugs and sliced into flakes Tobacco is an agricultural product processed from the fresh leaves of plants in the genus Nicotiana. ... For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation) Motto In God We Trust(since 1956) (From Many, One; Latin, traditional) Anthem The Star-Spangled Banner Capital Washington, D.C. Largest city New York City National language English (de facto)1 Demonym American... For other uses of terms redirecting here, see US (disambiguation), USA (disambiguation), and United States (disambiguation) Motto In God We Trust(since 1956) (From Many, One; Latin, traditional) Anthem The Star-Spangled Banner Capital Washington, D.C. Largest city New York City National language English (de facto)1 Demonym American... Capital expenditures (CAPEX or capex) are expenditures creating future benefits. ... GDP redirects here. ... Not to be confused with the former Kwantung Leased Territory in north-eastern China. ... Map of the Least Developed Countries as defined by the United Nations Least Developed Countries (LDCs or Fourth World countries) are countries which according to the United Nations exhibit the lowest indicators of socioeconomic development, with the lowest Human Development Index ratings of all countries in the world. ... The Asian financial crisis was a financial crisis that started in July 1997 in Thailand and affected currencies, stock markets, and other asset prices in several Asian countries, many considered East Asian Tigers. ...

History

Thailand had historically been a tiger economy with growth rates of 9% or more annually from the late 1970's to 1996, with periodic slowdowns mirroring the world or regional economy. However, after the 1997-8 currency crisis, Thailand was impoverished once again, and it wasn't until 2001 that Thailand regained momentum over the baht and economy. A tiger economy is a name given to a country which undergoes rapid economic growth and usually an accompanying increase in standard of living. ...

The Thaksin government took office in February 2001 with the intention of stimulating domestic demand and reducing Thailand's reliance on foreign trade and investment. Since then, the Thaksin administration has refined its economic message, embracing a "dual track" economic policy that combines domestic stimulus with Thailand's traditional promotion of open markets and foreign investment. This set of policies are popularly known as Thaksinomics. Weak export demand held 2001 GDP growth to 1.9%. In 2002/03/04, however, domestic stimulus and export revival fuelled a better performance, with real GDP growth at 5.3%, 7.1% and 6.3% respectively. However, in 2005, under rising oil prices and inflation, severe droughts and floods, the Southern Thailand Insurgency reaching a high, uncertainty of the future of Thaksin's government and the tourism aftershocks of the Indian Ocean Earthquake Tsunami on December 26th 2004 economic growth slumped to 4.5%. In 2006 the economy sped up a bit under strong export growth, however the military Coup d'etat on September 19th 2006 caused economic growth to stagnate into 2007 once again. “Thaksin” redirects here. ... Thaksinomics is a term used to refer to the economic policies of Thaksin Shinawatra, Prime Minister of Thailand since 2001. ...

Macro-economic trend

This is a chart of trend of gross domestic product of Thailand at market prices estimated by the International Monetary Fund with figures in millions of Thai Baht.

For purchasing power parity comparisons, the US Dollar is exchanged at 22→.34 Baht only.

Before the financial crisis, the Thai economy had years of manufacturing-led economic growth--averaging 9.4% for the decade up to 1996. Relatively abundant and inexpensive labour and natural resources, fiscal conservatism, open foreign investment policies, and encouragement of the private sector underlay the economic success in the years up to 1997. The economy is essentially a free enterprise system. Certain services, such as power generation, transportation, and communications, are state-owned and operated, but the government is considering privatizing them in the wake of the financial crisis. Free Enterprise is am economic system characterized by private or corporate ownership of capital goods; investments that are determined by private decision rather than by state control; and determined in a free market. ... This article does not adequately cite its references or sources. ...

The Royal Thai Government welcomes foreign investment, and investors who are willing to meet certain requirements can apply for special investment privileges through the Board of Investment. To attract additional foreign investment, the government has modified its investment regulations. Thailand Board of Investment (BOI) is the Thailands government agency to promote investment in Thailand. ...

The organized labour movement remains weak and divided in Thailand; only 3% of the work force is unionized. In 2000, the State Enterprise Labour Relations Act (SELRA) was passed, giving public sector employees similar rights to those of private sector workers, including the right to unionize. The labor movement (or labour movement) is a broad term for the development of a collective organization of working people, to campaign in their own interest for better treatment from their employers and political governments. ...

Roughly 49% of Thailand's labour force is employed in agriculture.^{[citation needed]} Rice is the country's most important crop; Thailand is the #1 exporter in the world rice market. Other agricultural commodities produced in significant amounts include fish and fishery products, tapioca, rubber, grain, and sugar. Exports of processed foods such as canned tuna, pineapples, and frozen shrimp are on the rise. For other uses, see Rice (disambiguation). ... For other uses, see Fish (disambiguation). ... For other uses, see Tapioca (disambiguation). ... This does not cite any references or sources. ... Grain redirects here. ... This article is about sugar as food and as an important and widely-traded commodity. ... For other uses, see Tuna (disambiguation). ... For other uses, see Pineapple (disambiguation). ... Superfamilies Alpheoidea Atyoidea Bresilioidea Campylonotoidea Crangonoidea Galatheacaridoidea Nematocarcinoidea Oplophoroidea Palaemonoidea Pandaloidea Pasiphaeoidea Procaridoidea Processoidea Psalidopodoidea Stylodactyloidea True shrimp are swimming, decapod crustaceans classified in the infraorder Caridea, found widely around the world in both fresh and salt water. ...

Thailand's increasingly diversified manufacturing sector made the largest contribution to growth during the economic boom. Industries registering rapid increases in production included computers and electronics, garments and footwear, furniture, wood products, canned food, toys, plastic products, gems, and jewelry. High-technology products such as integrated circuits and parts, electrical appliances, and vehicles are now leading Thailand's strong growth in exports. Jewelry (the American spelling; spelled jewellery in Commonwealth English) consists of ornamental devices worn by persons, typically made with gems and precious metals. ...

Industries

Agriculture, forestry, and fishing

In 2006 agriculture, forestry, and fishing contributed less than 10 percent of gross domestic product (GDP) but employed about 39 percent of the workforce. Thailand is the world’s leading exporter of rice and a major exporter of shrimp. Other agricultural products include coconuts, corn, rubber, soybeans, sugarcane, and tapioca. In 1985 Thailand officially designated 25 percent of the nation’s land area for protected forests and 15 percent for timber production. Protected forests have been set aside for conservation and recreation, while production forests are available for the forestry industry. Between 1992 and 2001, exports of logs and sawn timber increased from 50,000 cubic meters to 2 million cubic meters per year. The regional avian flu outbreak led to a contraction of Thailand’s agricultural sector during 2004, and the tsunami disaster of December 26, 2004, devastated the west coast fisheries industry. In 2006 agricultural GDP was estimated to have contracted by 10 percent.^[1]

Mining and minerals

Thailand’s major minerals include fluorite, gypsum, lead, lignite, natural gas, rubber, tantalum, tin, and tungsten. The tin mining industry has declined sharply since 1985, and Thailand has gradually become a net importer of tin. As of 2003, the main mineral export was gypsum. Thailand is the world’s second largest exporter of gypsum after Canada, even though government policy limits gypsum exports to prevent price cutting. In 2003 Thailand produced more than 40 types of minerals with an annual value of about US$740 million. However, more than 80 percent of these minerals were consumed domestically. In September 2003, in order to encourage foreign investment in the mining industry, the government relaxed severe restrictions on mining by foreign companies and reduced mineral royalties payable to the state.^[1]

Industry and manufacturing

In 2006 industry contributed 44.9 percent of gross domestic product (GDP) but employed only 23 percent of the workforce. This relationship is the opposite of the one applying to agriculture. Industry expanded at an average annual rate of 3.4 percent during the 1995–2004 period. The most important subsector of industry is manufacturing, which accounted for 34.5 percent of GDP in 2004. Thailand is becoming a center of automobile manufacturing for the Association of Southeast Asian Nations (ASEAN) market. By 2004 automobile production had reached 930,000 units, more than twice as much as in 2001. Two automakers active in Thailand are Toyota and Ford. The expansion of the automotive industry has been a boon for domestic steel production. Thailand’s electronics industry faces competition from Malaysia and Singapore, while its textile industry faces competition from China and Vietnam.^[1]

Energy

In 2004 Thailand’s total energy consumption was estimated at 3.4 quadrillion British thermal units, representing about 0.7 percent of total world energy consumption. Thailand is a net importer of oil and natural gas, but the government is promoting the use of ethanol to reduce imports of petroleum and the gasoline additive methyl tertiary butyl ether. In 2005 daily oil consumption of 838,000 barrels per day (133,200 m³/d) exceeded domestic production of 306,000 barrels per day (48,700 m³/d). Thailand’s four oil refineries have a combined capacity of 703,100 barrels per day (111,780 m³/d). Thailand’s government is considering establishing a regional oil processing and transportation hub, serving the needs of south-central China. In 2004 natural gas consumption of 1,055 billion cubic feet (29,900,000,000 m³) exceeded domestic production of 790 billion cubic feet (22,000,000,000 m³). Also in 2004, estimated coal consumption of 30.4 million short tons exceeded coal production of 22.1 million short tons. As of January 2007, proven oil reserves totaled 290 million barrels (46,000,000 m³), and proven natural gas reserves were 14.8 trillion cubic feet (420 km³). In 2003 recoverable coal reserves totaled 1,492.5 million short tons.^[1]

In 2005 Thailand consumed about 127 billion kilowatt-hours of electricity. Electricity consumption rose by 4.7 percent in 2006 to 133 billion kilowatt-hours. According to the state electricity utility, the Electricity Generating Authority of Thailand, power consumption by residential consumers has been increasing because of more favorable rates given to residential customers over the industry and business sectors. Thailand’s state-controlled electric utility and petroleum monopolies are undergoing restructuring. Services: In 2006 the services sector, which ranges from tourism to banking and finance, contributed 45.2 percent of gross domestic product (GDP) and employed 38 percent of the workforce.^[1]

Services

In 2006 the services sector, which ranges from tourism to banking and finance, contributed 45.2 percent of gross domestic product (GDP) and employed 38 percent of the workforce.^[1]

Tourism

Tourism makes a larger contribution to Thailand’s economy (typically about 6 percent of gross domestic product) than that of any other Asian nation. In 2004 some 11 million tourists visited Thailand. However, terrorism in southern Thailand and in Indonesia and natural disasters, most notably the December 2004 tsunami, have taken their toll on tourism. One of the negative side effects of Thailand’s tourism industry is a burgeoning sex tourism industry and a related threat from human immunodeficiency virus/acquired immune deficiency syndrome (HIV/AIDS).^[1]

Banking and finance

Dangerous levels of nonperforming assets at Thai banks helped trigger the attack on the Thai baht by currency speculators that led to the Asian financial crisis in 1997–98. By 2003 nonperforming assets had been cut in half to about 30 percent. Despite a return to profitability, however, Thailand’s banks continue to struggle with the legacy of the financial crisis in the form of unrealized losses and inadequate capital. Therefore, the government is considering various reforms, including establishing an integrated financial regulatory agency that would free up the Bank of Thailand to focus on monetary policy. In addition, the Thai government is attempting to strengthen the financial sector through the consolidation of commercial, state-owned, and foreign-owned institutions. Specifically, the government’s Financial Sector Reform Master Plan, which was first introduced in early 2004, provides tax breaks to financial institutions that engage in mergers and acquisitions. The reform program has been deemed successful by outside experts. As of 2007, there were three state-owned commercial banks and five state-owned specialized banks, 15 Thai commercial banks, and 17 foreign banks in Thailand.^[1] The Bank of Thailand (ธนาคารแห่งประเทศไทย) is the central bank of the Thailand. ...

The Bank of Thailand sought to stem the flow of foreign funds into the country in December 2006. This led within one day to the largest drop in stock prices on the Stock Exchange of Thailand since the 1997 Asian financial crisis. The massive selling by foreign investors amounted more than US$708 million.^[1] The Stock Exchange of Thailand (SET) is the national stock exchange of Thailand. ...

Labor

Thailand’s labor force was estimated at 35.5 million in 2006. About 39 percent were employed in agriculture, 38 percent in services, and 23 percent in industry. In 2005 women constituted 48 percent of the labor force and held an increasing share of professional jobs. Less than 4 percent of the workforce is unionized, but 11 percent of industrial workers and 50 percent of state enterprise employees are unionized. Although laws applying to private-sector workers’ rights to form and join trade unions were unaffected by the September 19, 2006, military coup and its aftermath, workers who participate in union activities continue to have inadequate legal protection. According to the U.S. Department of State, union workers are inadequately protected. In 2006 Thailand’s unemployment rate was 2.1 percent of the labor force.^[1]

External trade

Thai exports in 2006

The United States is Thailand's largest export market and second-largest supplier after Japan. While Thailand's traditional major markets have been North America, Japan, and Europe, economic recovery among Thailand's regional trading partners has helped Thai export growth (5.8% in 2002). Recovery from the financial crisis depended heavily on increased exports to the rest of Asia and the United States. Since 2005, the rapid ramp-up in export of automobiles of Japanese makes (esp. Toyota, Nissan, Isuzu) has helped to dramatically improve the trade balance, with over 1 million cars produced last year. As such, Thailand has joined the ranks of the world's top ten automobile exporting nations. North American redirects here. ... For other uses, see Europe (disambiguation). ... For other uses, see Asia (disambiguation). ...

Machinery and parts, vehicles, electronic integrated circuits, chemicals, crude oil and fuels, and iron and steel are among Thailand's principal imports. The recent increase in import levels (4.6% in 2002) reflects the need to fuel the production of high-technology items and vehicles. Vehicles are non-living means of transport. ... The chemical industry comprises the companies that produce industrial chemicals. ... Pumpjack pumping an oil well near Sarnia, Ontario Petroleum (from Greek petra – rock and elaion – oil or Latin oleum – oil ) or crude oil is a thick, dark brown or greenish liquid. ... General Name, symbol, number iron, Fe, 26 Chemical series transition metals Group, period, block 8, 4, d Appearance lustrous metallic with a grayish tinge Standard atomic weight 55. ... For other uses, see Steel (disambiguation). ...

Thailand is a member of the World Trade Organization (WTO) and the Cairns Group of agricultural exporters. Thailand is part of the ASEAN Free Trade Area (AFTA). Thailand has actively pursued free trade agreements. A China-Thailand Free Trade Agreement (FTA) commenced in October 2003. This agreement was limited to agricultural products, with more comprehensive FTA to be agreed by 2010. Thailand also has a limited Free Trade Agreement with India, which commenced in 2003; and a comprehensive Australia-Thailand Free Trade Agreement which started 1 January 2005. Thailand started free trade negotiations with Japan in February 2004, and an in-principle agreement was agreed in September 2005. Negotiations for a US-Thailand Free Trade Agreement are underway, with the fifth round of meetings held in November 2005. WTO redirects here. ... Template:ASIAN table ASIAN Free Trade Area (AFTA) is an agreement by the Association of Southeast Asian Nations, of local manufacturing in all ASEAN countries. ...

Tourism contributes significantly to the Thai economy, and the industry has benefited from the Thai baht's depreciation and Thailand's stability. Tourist arrivals in 2002 (10.9 million) reflected a 7.3% increase from the previous year (10.1 million). ISO 4217 Code THB User(s) Thailand Inflation 4. ... Declining-balance depreciation of a $50,000 asset with $6,500 salvage value over 20 years. ...

Bangkok and its environs are the most prosperous parts of Thailand, and heavily dominate the national economy, with the infertile northeast the poorest. An overriding concern of successive Thai Governments, and a particularly strong focus of the recently ousted Thaksin government, has been to reduce these regional income differentials, which have been exacerbated by rapid economic growth in and around Bangkok and the financial crisis. Although little economic investment reaches other parts of the country except for tourist zones, the government has been successful in stimulating provincial economic growth in the Eastern Seaboard of Thailand, and perhaps , the Chiang Mai area. Despite much talk of other regional development, these 3 regions and tourist zones dominate the national economy. Location within Thailand Coordinates: , Country Settled Ayutthaya Period Founded as capital 21 April 1782 Government  - Type Special administrative area  - Governor Apirak Kosayothin Area  - City 1,568. ... The Eastern Seaboard of Thailand is an emerging economic region. ... A street scene in Chiang Mai, showing (centre right), a gate of the old city wall. ...

Although the economy has demonstrated moderate positive growth since 1999, future performance depends on continued reform of the financial sector, corporate debt restructuring, attracting foreign investment, and increasing exports. Telecommunications, roadways, electricity generation, and ports showed increasing strain during the period of sustained economic growth and may pose a future challenge. Thailand's growing shortage of engineers and skilled technical personnel may limit its future technological creativity and productivity. Investment is a term with several closely-related meanings in finance and economics. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... Electricity (from New Latin Ä“lectricus, amberlike) is a general term for a variety of phenomena resulting from the presence and flow of electric charge. ...

Other statistics

Investment (gross fixed): 28.7% of GDP (2006 est.) Thai seafood curry Tom yam gung Thai cuisine is known for its balance of five fundamental flavors in each dish or the overall meal - hot (spicy), sour, sweet, salty and bitter (optional). ... The Culture of Thailand is heavily influenced by Buddhism. ... Khon performance in 2006 in Germany. ... Thailands population is relatively homogeneous. ... The cinema of Thailand has a history that stretches back to early days of filmmaking, when King Chulalongkorns 1897 visit to Berne, Switzerland was recorded by Francois-Henri Lavancy-Clarke. ... Public holidays in Thailand UN Thailand: Official Holidays in 2006 Thai Calendar of Events Categories: | | ... Literature in Thailand was traditionally heavily influenced by Indian culture. ... Thailand retains cultural connections with the two great centers of Asian civilizations, India and China. ... Click here to visit Thailand The politics of Thailand currently takes place in a framework of a constitutional monarchy, whereby the Prime Minister is the head of government and a hereditary monarch is head of state. ...

Household income or consumption by percentage share:

• lowest 10%: 2.8%
• highest 10%: 32.4% (1998)

Distribution of family income - Gini index: 51.1 (2002) The Gini coefficient is a measure of inequality developed by the Italian statistician Corrado Gini and published in his 1912 paper Variabilità e mutabilità. It is usually used to measure income inequality, but can be used to measure any form of uneven distribution. ...

Agriculture - products: rice, cassava (tapioca), rubber, corn, sugarcane, coconuts, soybeans

Industries: tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry, electric appliances and components, computers and parts, integrated circuits, furniture, plastics, world's second-largest tungsten producer, and third-largest tin producer

Industrial production growth rate: 6% (2006 est.)

Electricity:

• production: 67.7 billion kWh (2004)
• consumption: 116.2 billion kWh (2004)
• exports: 372 million kWh (2004)
• imports: 3.388 billion kWh (2004)

Electricity - production by source:

• fossil fuel: 91.3%
• hydro: 6.4%
• other: 2.4% (2001)
• nuclear: 0%

Oil:

• production: 230,000 barrels per day (37,000 m³/d) (2005 est.)
• consumption: 785,000 barrels per day (124,800 m³/d) (2001 est.)
• exports: NA
• imports: NA
• proved reserves: 583 million barrels (95,000,000 m³) (November 2003)

Natural gas:

• production: 22,280,000,000 m³ (2003 est.)
• consumption: 29,150,000,000 m³ (2003 est.)
• exports: 0 m³ (2001 est.)
• imports: 5,200,000,000 m³; (2001 est.)
• proved reserves: 377,700,000,000 m³ (November 2003)

Current account balance: minus US$899.4 million (2006 est.) The United States dollar is the official currency of the United States. ...

Exports - commodities: textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances

Imports - commodities: capital goods, intermediate goods and raw materials, consumer goods, fuels

Reserves of foreign exchange and gold: $100 billion (February 2008)

Exchange rates: baht per US dollar - 30.315(2007), 40.5348 (2004), 41.4846 (2003), 42.9601 (2002), 44.4319 (2001), 40.1118 (2000)

See also

• Stock Exchange of Thailand
• List of economic geography topics

The Stock Exchange of Thailand (SET) is the national stock exchange of Thailand. ... Economic geography provides an overview of economic geography topics. ...

External links

• http://www.bot.or.th - Bank of Thailand

v • d • e Members of the World Trade Organization (WTO)

Albania · Angola · Antigua and Barbuda · Argentina · Armenia · Australia · Bahrain · Bangladesh · Barbados · Belize · Benin · Bolivia · Botswana · Brazil · Brunei (Brunei Darussalam) · Burkina Faso · Burma · Burundi · Cambodia · Cameroon · Canada · Central African Republic · Chad · Chile · China (PRC) · Colombia · Democratic Republic of the Congo · Republic of the Congo · Costa Rica · Côte d'Ivoire · Croatia · Cuba · Djibouti · Dominica · Dominican Republic · Ecuador · Egypt · El Salvador · European Union¹ · Former Yugoslav Republic of Macedonia (FYROM) · Fiji · Gabon · The Gambia · Georgia · Ghana · Grenada · Guatemala · Guinea · Guinea-Bissau · Guyana · Haiti · Honduras · Hong Kong² · Iceland · India · Indonesia · Israel · Jamaica · Japan · Jordan · Kenya · South Korea · Kuwait · Kyrgyzstan · Lesotho · Liechtenstein · Macau² · Madagascar · Malawi · Malaysia · Maldives · Mali · Mauritania · Mauritius · Mexico · Moldova · Mongolia · Morocco · Mozambique · Namibia · Nepal · New Zealand · Nicaragua · Niger · Nigeria · Norway · Oman · Pakistan · Panama · Papua New Guinea · Paraguay · Peru · Philippines · Qatar · Rwanda · St. Kitts and Nevis · St. Lucia · St. Vincent and the Grenadines · Saudi Arabia · Senegal · Sierra Leone · Singapore · Solomon Islands · South Africa · Sri Lanka · Suriname · Swaziland · Switzerland · Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu³ · Tanzania · Thailand · Togo · Tonga · Trinidad and Tobago · Tunisia · Turkey · Uganda · United Arab Emirates · United States · Uruguay · Venezuela · Vietnam · Zambia · Zimbabwe WTO redirects here. ... Image File history File links Size of this preview: 800 × 370 pixelsFull resolution (1357 × 628 pixel, file size: 19 KB, MIME type: image/png)World map of World Trade Organization (WTO) members/non-members, 2005; based on Image:BlankMap-World-v2. ... Economy - overview: Antigua and Barbudas economy is service-based, with tourism and government services representing the key sources of employment and income. ... The Asian financial crisis in 1997 and 1998, coupled with fluctuations in the price of oil have created uncertainty and instability in Bruneis economy. ... Burkina Faso is one of the poorest countries in the world with an average income per capita of €250 (US$300). ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... The economies of the special administrative regions of Hong Kong and Macau are separate from the rest of the Peoples Republic of China. ... Sparsely populated in relation to its area, the Democratic Republic of the Congo is home to a vast potential of natural resources and mineral wealth, yet the economy of the DROC has declined drastically since the mid-1980s. ... This article or section does not cite its references or sources. ... The economy of Costa Rica heavily depends on tourism, agriculture, and electronics exports. ... The Ivorian economy is largely market based and depends heavily on the agricultural sector. ... The Dominican Republic is a middle-income developing country primarily dependent on agriculture, trade, and services, especially tourism. ... This article does not cite its references or sources. ... If it is considered as a single state, the economy of the European Unions twenty-seven member states is the worlds largest economy. ... Economy - overview: The breakup of Yugoslavia in 1991 deprived F.Y.R.O.M. (Former Yugoslav Republic of Macedonia), then its poorest republic (only 5% of the total federal output of goods and services), of its key protected markets and large transfer payments from the center. ... Economy - overview: The Gambia has no important mineral or other natural resources and has a limited agricultural base. ... This article needs to be updated. ... The Economy of Hong Kong is widely believed, and some argue incorrectly, to be the most economically free in the world. ... Currency 1 South Korean Won (W) = 100 Jeon(Chŏn) (theoretical) Fiscal year Calendar year Trade organizations APEC, WTO and OECD GDP ranking 10th by volume (at nominal) (2006); 11th by volume (at PPP) (2006); GDP (Nominal) $981. ... The Economy of New Zealand is a small but prosperous free market economy, which is greatly dependent on international trade, mainly with Australia, the United States of America and Japan. ... Papua New Guinea is richly endowed with natural resources, but exploitation has been hampered by the rugged terrain and the high cost of developing infrastructure. ... The economy of Saint Kitts and Nevis has traditionally depended on the growing and processing of sugar cane; decreasing world prices have hurt the industry in recent years. ... Saint Lucias economy depends primarily on revenue from banana production and tourism with some input from small-scale manufacturing. ... The St. ... Economy - overview: Saudi Arabia has an oil-based economy with strong government controls over major economic activities. ... To meet Wikipedias quality standards, this article may require rewriting and/or reformatting. ... A per capita GDP of $340 ranks Solomon Islands as a lesser developed nation. ... South Africa has a two-tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure. ... With an economy of $27. ... Republic of China (ROC) has a dynamiccapitalist economy with gradually decreasing guidance of investment and foreign trade by the government. ... Trinidad and Tobago experienced a real growth rate of 3. ... // The United Arab Emirates has a highly industrialized economy that makes the country one the most developed in the world, based on various socioeconomic indicators such as GDP per capita, energy consumption per capita, and the HDI. At $168 billion in 2006, the GDP of the UAE ranks second in... The economy of the United States has been the worlds largest national economy since the late 1890s;[1] its gross domestic product (GDP) was estimated as $13. ... All twenty-seven member states of the European Union are also members of the WTO in their own right: Austria • Belgium • Bulgaria • Cyprus • Czech Republic • Denmark • Estonia • Finland • France • Germany • Greece • Hungary • Ireland • Italy • Latvia • Lithuania • Luxembourg • Malta • Netherlands and Netherlands Antilles • Poland • Portugal • Romania • Slovakia • Slovenia • Spain • Sweden • United Kingdom. Special Administrative Region of the People's Republic of China. Designated name for the Republic of China (Chinese Taipei)