Thailand: Commitments by Fiscal Year (in millions of dollars)*

In cooperation with Thailand, the World Bank will work on issues that affect people's daily lives through partnerships with local organizations, international organizations, think-tanks and academic institutions.

For example, the allocation of the World Bank and promotion of climate action to support peace-building efforts in the southern part of Thailand are important for Thailand's own priorities and the global presence of climate behavior and vulnerability and conflict situations of the World Bank Group It reflects the focus. The bank is being implemented in 27 communities and the project with the bank's subsidies in the three southern provinces will help demonstrate the value of community development and capacity building for better understanding.

The climate change project aims to promote the clean production of air conditioning and foam products to help eliminate harmful ozone depletion on a global scale. Thailand is also participating in the market preparation partnership of the World Bank Group, a climate change association of more than 30 countries, with the aim of reducing greenhouse gas emissions and energy consumption. Recently Thailand received a subsidy of $ 3.6 million for forest management and protection from the World Bank's Forest Carbon Partnership Fund.

Under the First Redemption Advisory Service (RAS) Agreement, the World Bank will provide self-assessment of current insurance regulations and regulatory practices to the Insurance Committee and make recommendations to maintain consistency with international standards We support. This will create an environment for effective expansion of the insurance industry and will help to better protect the poor from risks and losses. Other ongoing RAS work involves improving the railway sector in Thailand and increasing public spending in the education sector.

In the context of a strong knowledge partnership with Thailand, the World Bank published a two-year Thai economic surveillance (TEM) reviewing recent economic trends and providing an independent analysis of short- and medium-term economic prospects. TEM also provides insights into policies that promote growth, such as the development of digital economies and the promotion of innovation. Other examples of analytical work include SCD in Thailand, the most immediate task and opportunity assessment to promote eradication of poverty and common prosperity. National quality education report emphasizing ways to improve the quality of education to improve labor skills and productivity, and Thai LGBTI community economic fusion report

The population of Thailand is about 65 million people, and in Southeast Asia, GDP per capita is about 6,000 US dollars (Japan is about 39,000 US dollars), which is relatively good economic growth (* 1). In Thailand, 70% of the adult population has a bank account. It is higher than the average of 50% in other Southeast Asian countries. Debit card ownership rate is also over 50%. The settlement base is expanding (* 2). The currency used in Thailand is Thai Baht. The exchange rate is about 1 baht = 4 yen (November 1, 2017). There are 5 types of bank notes and coins, which is a maximum of 1,000 Baht. The picture shows all the notes of Bhumibol Adulyadej who died last year. I can see that he is deeply loved by people.

In the past 32 years, the economy of Thailand has expanded. GDP at present price shows that from 1980 to 2012, Thailand's economic growth rate was nearly 16 times in Thai baht and nearly 11 times in dollars. According to the International Monetary Fund, this makes Thailand the 32nd largest economy in the world. In terms of GDP, Thailand has achieved economic growth in five periods. From 1980 to 1984, the economy grew at an average annual rate of 5.4%. Regional business accounts for 70% of GDP, Bangkok occupies 30%

The fiscal year of Thailand is from October 1 to September 30 of the following year. The nominal GDP in 2016 is estimated at 404,824 million US dollars, ranking 32nd in the world. The country's purchasing power parity in 2016 is $ 1,180 billion, ranked 22nd in the world. GDP of the country will grow by 0.8% in 2014, 2.8% in 2015, 2.5% in 2016, and a growth rate of 2.6% in 2017 is expected. The industry's contribution to GDP is estimated to be service (52.4%), agriculture (8.4%), industry (39.2%). From the perspective of purchasing power parity, per capita nominal GDP per 2015 is estimated at US $ 5,771 and US $ 15,319.