ECONOMIC OVERVIEW Global According to recent figures from the World Bank, Thailand’s
Economic Cooperation and Development (OECD), the
gross domestic product (GDP) is set to grow approximately
World Bank forecasts combined growth of 1.1% in
4-5% in 2013, following a 6.4% rise the previous year. This
2013, while Singapore’s economy is expected to gain
compares favorably with the outlook for the global economy,
2% this year.
which the World Bank sees expanding 2.2% this year. The outlook is similar for the United States, whose GDP is
Thailand has also succeeded in keeping consumer price
expected to grow 2% in 2013.
growth in check, with an inflation rate of 3% in 2012, compared with the global average of 3.9% according to
For the 34 member countries of the Organization for
the World Bank.
GDP Growth Rate : 2012
China 7.80% Japan 2.00% Taiwan 1.26%
©2013 RAIMON LAND RESEARCH
Thailand 6.44% India 3.99% Philippines 6.59%
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Vietnam 5.02% Malaysia 5.61% Singapore 1.32% Indonesia 6.23%
Key Economic Indicators : Asia Country
China India Indonesia Japan Malaysia Philippines Singapore Taiwan Thailand Vietnam
GDP at 2012 (Billion USD) 8,227 1,825 878 5,964 304 250 277 474 366 138
GDP Growth in 2012 7.8% 4.0% 6.2% 2.0% 5.6% 6.6% 1.3% 1.3% 6.4% 5.0%
CPI 2012
2.7% 9.3% 4.3% 0% 1.7% 3.1% 4.6% 1.9% 3.0% 9.1%
Unemployment Rate Q2/13 4.1% 9.9% 6.1% 4.1% 3.0% 7.0% 2.0% 4.2% 0.7% 4.5%
GDP per capita at 2012 (Units USD) 6,076 1,492 3,592 46,736 10,304 2,614 51,162 20,328 5,679 1,528
Source : IMF, data as at end of Quarter 2, 2013
