The economy of Thailand is characterized by its dynamism and openness. In 2009, its GDP (264 billion) just after the positionnait Indonesia within ASEAN. Thailand is the third largest exporter and second largest importer in the region. It is the world's largest exporter of rice.
Thailand, which had already suffered much of the Asian crisis of 1997-1998, has been hit hard by the financial crisis and economic crisis in 2008, partly because of the wide opening of its economy. Its economic growth has contracted and the order of 2.3% in 2009. However, its economy remained in recession as two quarters. The good level of public finance has contributed to the recovery.
The government launched a stimulus package of 2.5 billion euros at end March 2009. A second stimulus plan, more ambitious, particularly for infrastructure development should be implemented in 2010.