Since 1932 Thailand has been run as a constitutional monarchy and has a Prime Minister who serves as the head of government and a hereditary monarch who serves as the head of state.
Kings have ruled Thailand since the thirteenth century, and the King of Thailand acts more as a symbol of national identity rather than having immense control under the constitution.
The Thai economy largely relies on exportation, as it accounts for 60% of the gross domestic product (GDP). Thailand is thought of as an industrial developing nation with lower middle income.
Thailand’s economy took a hard hit in 1997 under foreign debt, but has, and is continuing to improve. Today Thailand’s main exports are not only agricultural produce and ready-to-wear garments, but also information technology, communication products, automobiles, and automotive parts |