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Is Thailand a free market economy?
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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.
Thailand is the second-largest economy in Southeast Asia, after Indonesia.
The nation is recognized by the World Bank as “one of the great development success stories” in social and development indicators.
Yes, it’s free and very successful.