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==Economy==
==Economy==
[[File:Thailand fishers.jpg|right|240px]]
The Thai economy is export-dependent, with exports of goods and services accounting for 68.6% of GDP in 2006. Thailand's recovery from the 1997-98 Asian financial crisis relied largely on external demand from the United States and other foreign markets. The Thaksin government took office in February 2001 with the intention of stimulating domestic demand and reducing Thailand's reliance on foreign trade and investment. From 2001-2006, the Thaksin administration embraced a "dual track" economic policy that combined domestic stimulus with Thailand's traditional promotion of open markets and foreign investment. Weak export demand held 2001 GDP growth to 2.2%. Beginning in 2002, however, domestic stimulus and export revival fueled a better performance, with real GDP growth at 7.1% in 2003 and 6.3% in 2004. In 2005, the economy decelerated to a 4.5% annual GDP growth rate due to the tsunami catastrophe, drought, and violence in the three southernmost provinces. For 2006, the rebound of production in agriculture and manufacturing coupled with soaring numbers of tourists increased GDP by 5.0% (year-on-year).
The Thai economy is export-dependent, with exports of goods and services accounting for 68.6% of GDP in 2006. Thailand's recovery from the 1997-98 Asian financial crisis relied largely on external demand from the United States and other foreign markets. The Thaksin government took office in February 2001 with the intention of stimulating domestic demand and reducing Thailand's reliance on foreign trade and investment. From 2001-2006, the Thaksin administration embraced a "dual track" economic policy that combined domestic stimulus with Thailand's traditional promotion of open markets and foreign investment. Weak export demand held 2001 GDP growth to 2.2%. Beginning in 2002, however, domestic stimulus and export revival fueled a better performance, with real GDP growth at 7.1% in 2003 and 6.3% in 2004. In 2005, the economy decelerated to a 4.5% annual GDP growth rate due to the tsunami catastrophe, drought, and violence in the three southernmost provinces. For 2006, the rebound of production in agriculture and manufacturing coupled with soaring numbers of tourists increased GDP by 5.0% (year-on-year).
*GDP (2006): $206 billion.
*GDP (2006): $206 billion.