Unemployment rate in Thailand 2023

The unemployment rate in Thailand reached 1.1 percent in 2020, a small increase from the previous year. Most of Thailand’s population is of working age and employed. About 46 percent of Thailand’s inhabitants work in the service sector, and another large portion of the population works in agriculture.

Emerging and upwards

Thailand is considered an emerging economy, as reflected by the country’s growing service sector. In recent years, Thailand has maintained a trade surplus, with the largest portion of exports going to China, the United States, and Japan. As of 2018, most of Taiwan’s exports are electrical machinery equipment and computers.

An ASEAN leader

Thailand is one of the founding members of the Association of Southeast Asian Nations (ASEAN), developed to nurture trade and economic growth among Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, and Vietnam. The organization has seen growth in gross domestic product (GDP) to over 2.5 trillion U.S. dollars. Among the countries involved, Thailand has the second largest economy with 487 billion U.S. dollars as of 2018.