Thailand Country profile

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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.

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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 26th, which is significantly better than the average emerging and developing Asian rating of 96 out of a possible 190 economies.

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Risk of expropriation in Thailand has increased over recent years. Examples include the Thai Government’s ordered eight-month closure of the Australian owned Kingsgate Gold mine in Northern Thailand. 

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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.  

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