Josey Gregg Thailand Blog

  Thailand GDP per hour worked over last 10 years:  This is the GDP per hour, which has had a steady increase over the past 10 years. This shows that workers are being more productive which would be a qualitative shift. This would cause a shift to the right on the LRAS because over time there has steadily been growth in productivity.  https://www.statista.com/statistics/878207/thailand-labor-productivity-per-hour/  Thailand GDP Per person employed 1991-2019($):  The GDP per person employed shown here also shows an upward trend that is pretty similar to the GDP per hour. This graph looks at a longer time frame, but it would still have a shift to the right in the LRAS. More employment means that there are more people working which would be a quantitative shift.  https://data.worldbank.org/indicator/SL.GDP.PCAP.EM.KD  Thailand Immigration: This shows the immigration rate in Thailand over the last 30 years. There has been a steady incline in the migrant po...

 Thailand Real GDP for 2009-2019:  https://fred.stlouisfed.org/series/RGDPNATHA666NRUG  Thailand Real GDP per capita for 2009-2019s:  https://www.macrotrends.net/countries/THA/thailand/gdp-per-capita  Thailand Real GDP growth per year 2009-2019:  https://knoema.com/atlas/Thailand/Real-GDP-growth  Thailand Unemployment rate 2009-2019: https://www.macrotrends.net/countries/THA/thailand/unemployment-rate  Thailand Inflation Rate 2009-2019: https://knoema.com/atlas/Thailand/Inflation-rate   Thailand Current Account Balance 2009-2019: https://knoema.com/atlas/Thailand/Inflation-rate   Thailand Hidden Economy % of GDP 2009-2019: I couldn't find any exact figures on hidden economy, but some research I did said there is a lot that comes from street vendors, food stalls and souvenir sales. There is also however, drug sales, gas smuggling, human trafficking and and illegal lotteries. Non of these are pay taxes or are documented.  https://www....