Publication: Thailand Economic Monitor, April 2011
Date
2011-04
ISSN
Published
2011-04
Author(s)
World Bank
Abstract
The pace of economic activity is
gradually returning to pre-crisis levels. After a
roller-coaster of sharp drops, vigorous rebounds and mild
contractions, Gross Domestic Product (GDP) was up 4.8
percent in the last quarter of 2010 on a seasonally-adjusted
annualized (SAAR) basis, closer to pre-crisis, normal
levels. For 2010 as a whole, GDP expanded by 7.8 percent
from 2009. Growth was broad-based, with significant
contributions from external and domestic demands.
Thailand's economy is one of the most energy intensive
in the region because of the large (and growing) share of
energy-intensive manufacturing in the economy and high
proportion of cargo transported by trucks. Thailand can
reduce its vulnerability to oil price shocks by raising fuel
standards, improving tax incentives for conservation and
relying more on rail for cargo transport.
Citation
“World Bank. 2011. Thailand Economic Monitor, April 2011. © World Bank, Bangkok. http://hdl.handle.net/10986/27244 License: CC BY 3.0 IGO.”