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ANDAMAN PARTNERS is hiring a Research Analyst in Brazil (Full-time; Location Flexible/Virtual).
Thailand’s USD 536 billion economy expanded by 2.5% in 2024, buoyed by a rebound in exports and tourism, substantial fiscal stimulus and an accommodative monetary policy.
Vietnam has a total land area of 511,000 square kilometres.
Government is a constitutional monarchy.
With GDP rising from USD 526 billion in 2024 to an estimated USD 546 billion in 2025 and per‑capita GDP reaching almost USD 7,500 in 2024, the Thai economy is increasingly services‑driven: Services accounted for over 59% of GDP in 2024, the highest recorded level.
The Thai economy is resilient with low unemployment rates and controlled inflation, reflecting a steady recovery from COVID-19. In 2025, the unemployment rate was 1.1% and inflation fell to 0.5%.
Thailand’s central government debt increased from 38.6% in 2019 to 61.2% of GDP in 2023, while household consumption remained a robust anchor, steadily climbing to nearly USD 297 billion by 2023.
Thailand’s total trade expanded from about USD 475 billion in 2012 to over USD 600 billion by 2024, driven by the trade in Metals, Electronics & Machinery, highlighting the deepening integration of its economy into global supply chains.
Leading export partners (2024): U.S. (USD 55.1 billion), China (USD 35.2 billion), Japan (USD 23.3 billion).
Leading import partners (2024): China (USD 80.6 billion), Japan (USD 28.7 billion), Taiwan, China (USD 20.7 billion).
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ANDAMAN PARTNERS is hiring a Research Analyst in Brazil (Full-time; Location Flexible/Virtual).
ANDAMAN PARTNERS was a cosponsor of the South African National Day Reception in Shanghai on 30 May 2025.
Analysis by ANDAMAN PARTNERS Co-Founder Rachel Wu on changing patterns in global supply chains.
Thailand has a USD 536 billion economy (2024) and real GDP growth of 2.5%.
Vietnam has a USD 459 billion economy (2024) and real GDP growth of 7%.
Preliminary data suggest that China’s export growth underwent a marked shift between H2 2024 and H1 2025, coinciding with multiple rounds of U.S. and EU tariff hikes.