Thailand Industry & Manufacturing - Industry

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Industry

The industrial sector in Thailand contributed considerably to economic growth during the 1970s and 1980s. As a percentage of GDP, industry accounted for an average of 25.7 percent in the 1970s and about 29 percent in the mid-1980s. The average annual growth rate was 9.3 percent for the 1970s, with a slowdown to 6.7 percent in 1985, which was still very respectable by international standards. Manufacturing constituted the most important industrial subsector, providing an average of 17.9 percent of GDP in the 1970s and about 19.8 percent in the mid1980s . Construction accounted for an average of 4.8 percent of GDP during the 1970s and rose to 5.1 by the mid-1980s. Mining and quarrying represented an average of 1.8 percent of GDP in the 1970s and remained fairly constant. The annual growth rate was the highest for the public utilities industrial subsector in the 1970s and mid-1980s, 13.1 percent and 8.8 percent, respectively. The annual growth rate for manufacturing dropped from an average of 10.1 percent in the 1970s to 7.3 percent in 1985. A decline in the growth rate of mining and construction occurred during the same period.

Library of Congress Country Studies

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