Tag Archives: Thailand

According to allcountrylist, Thailand’s economy is heavily reliant on its exports and tourism industries. The country has a thriving agricultural sector, which accounts for around 10% of the country’s GDP. Thailand is the world’s largest exporter of rice, accounting for more than 20% of global exports. Other key agricultural products include rubber, sugarcane, cassava, maize, coconuts and pineapples. The manufacturing sector is also important to Thailand’s economy and accounts for approximately 30% of its GDP. Automobiles and electronics are two of the most important manufactured goods exported from Thailand. The country is also a hub for textile production in Asia and is home to a large number of garment factories. Furthermore, Thailand has become an important center for computer hardware production in recent years as well as a leading producer of medical equipment such as MRI machines and CAT scanners. Finally, the services sector makes up around 60% of the Thai economy with financial services being the largest contributor followed by tourism and retail trade. Agriculture in Thailand has a long history, dating back to the ancient times when the first inhabitants of the region began to cultivate crops such as rice, maize, cassava and fruit. These early farmers also practiced animal husbandry with cows, pigs and chickens being the main sources of livestock. During the Ayutthaya period (1351-1767), agricultural production increased significantly due to improved irrigation systems which were developed by the Siamese monarchy. This period also saw an introduction of new crops such as sugarcane which were used for both domestic consumption and export. During the 19th century, Thailand began to focus on developing its agricultural sector as part of its modernization efforts. This saw an increase in mechanization and improved technology being adopted by farmers around the country which further increased crop yields. In addition to traditional crops such as rice and maize, other important commodities grown in Thailand include rubber, coconuts, palm oil, soybeans and tobacco. Today, agriculture remains a major sector of the economy accounting for around 10% of GDP and employing approximately 33% of the population. The main crops produced in Thailand are rice, maize and cassava while other important commodities include rubber, coconuts and palm oil. There has been an increased focus on sustainable farming practices over recent years with an emphasis on organic methods being adopted by many Thai farmers. This shift towards organic farming has seen an increase in production of various fruits including bananas and pineapples which are becoming increasingly popular among consumers around the world due to their high nutritional value. See collegesanduniversitiesinusa for Thailand Education and Training.