Overview of Thailand’s Development Indicators Thailand’s economic growth over the past decade has been disappointing, given that the country had the world’s fastest-growing economy from them mid-1980s to the mid-1990s. Table 1 captures the % growth in Thai GDP going back to 2000. Table 1 Thai GDP Growth Year GDP Growth 2000 4.75% 2001 2.16% 2002 5.31% 2003 7.13% 2004 6.34% 2005 4.6% 2006 5.14% 2007 4.93% 2008 2.46% 2009 -2.24% The average GDP growth rate for Thailand during this period is only 4%, which is about half of Thailand’s GDP growth rate from the 1970s and 1980s. The up-and-down pattern in the GDP pattern can be partially explained by Thailand’s political instability. From 1997 to the present, Thailand has been beset by periods of...The end:
.....le, this figure had gone above 42%. Thailand is, in this sense, more akin to highly stratified developing countries such as Bolivia, and even to pre-industrial countries such as Rwanda. Developing countries see their Gini Coefficient (the measure of how much wealth is concentrated at the top) go down, so by this measure Thailand is still clearly a developing country. Thus, on the whole, Thailand is best described as a developing country with some of the characteristics of a developed country. References World Bank. (2011). Countries. Retrieved from http://data.worldbank.org/country. World Bank. (2011). Indicators. Retrieved from http://data.worldbank.org/indicator.World Bank. (2011). Topics. Retrieved from http://data.worldbank.org/country.