what type of economic system does thailand have
Economy of Thailand Thailand is a newly industrialized country. Its economy is heavily export-dependent, with exports accounting for more than two-thirds of its gross domestic product (GDP). In 2017, according to the IMF, Thailand had a GDP of 15.450 trillion baht (US$455 billion), the 8th largest economy of Asia.[24] Thailand has a headline inflation rate of 3.02 percent[7] and an account surplus of 0.7 percent of the country's GDP.[25] In 2013, the Thai economy is expected to grow in the range of 3.8–4.3 percent.[26] During the first half of 2013 (Q1-Q2/2013), the Thai economy grew by 4.1 percent (YoY).[26] After seasonal adjustment, however, Thailand's GDP contracted by 1.7 percent and 0.3 percent in the first and the second quarters of 2013 respectively.