Talk:Economy of Thailand
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12/19/2006
This page could really use some stuff about the financial crisis.
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I'm just wondering where the GDP of 177BLN come up from.
I found different values looking on The World Bank website. Also the CIA -FACTBOOK value is different.
[edit] Nominal vs PPP GDP
The 177 b GDP number appears to be a nominal GDP based on current exchange rates. Often, the World Bank, CIA or other sources will use a Purchasing Power Parity (PPP)-based exchange rate, which adjusts the nominal number based on cost of living in the particular country. For example, the nominal GDP per capita in Thailand may be 80,000 B per year, which would be about US$2,000 based on an exchange rateof 40 B/US$. However, the things you can buy with 80,000 B in Thailand may cost you more like US$8,000 in the US, so the PPP-based GDP per capita would be US$8,000. I've usually seen a PPP/nominal ratio of between 4-5 for Thailand, hence the CIA factbook giving a PPP-based Thai GDP of around US$570 billion.
Hope that helps - Dr Biz —The preceding unsigned comment was added by 203.144.143.9 (talk • contribs) 11:20, 3 December 2006 (UTC).
[edit] Merger Proposal
I suggested merging Motorbike Thailand into this page. Any comments? Sue H. Ping 20:21, 7 January 2007 (UTC)
