Answer to Question #90919 in Macroeconomics for Joanne

Question

Discuss the gross domestic product of Thailand and the current economic challenges faced by Thailand and reccmmend ways to overcome the problems.

Answer 1

The Gross Domestic Product (GDP) in Thailand was worth 455.22 billion US dollars in 2017. The GDP value of Thailand represents 0.73 percent of the world economy. 

Over the past 40 years, the economy of Thailand has expanded. This makes Thailand the 32nd-biggest economy in the world, according to the IMF.