Thailand Country profile

thailand_country_profile-2.jpg

Country risk rating in Thailand is low to moderate, with the OECD giving Thailand a country risk score of 3; comparable with the Philippines, India and Indonesia. This indicates a relatively low to moderate likelihood that Thailand will be unable and/or unwilling to meet its external debt obligations—though, needless to say, individual private and sub-sovereign debtors can and do default.

Figure
Figure

The World Bank’s ease of doing business gauge—which attempts to measure regulation and current barriers associated with small to medium firms—ranks Thailand 27th, which is significantly better than the average emerging and developing Asian rating of 95 out of a possible 190 economies.

Figure

Risk of expropriation in Thailand has increased over recent years. The Thai Government’s ordered eight-month closure of the Australian owned Kingsgate Gold mine in Northern Thailand is an example of alleged expropriation.  The Australian miner has filed for international arbitration to resolve the issue.

Figure

Thailand’s medium to long term political risk is acceptable. Though risk of political violence is higher due largely to Thailand’s long history of coups. Thailand has experienced more coups than any other country in contemporary history.  

Figure
Figure