Thailand: Economic globalization

(measure: points; Source: The Swiss Institute of Technology in Zurich)
* indicates monthly or quarterly data series

Thailand: Economic globalization index (0-100), 1970 - 2018:

For that indicator, we provide data for Thailand from 1970 to 2018. The average value for Thailand during that period was 50.72 points with a minimum of 26.73 points in 1970 and a maximum of 67.47 points in 2006. The latest value from 2018 is 66.47 points. For comparison, the world average in 2018 based on 188 countries is 58.85 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

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The KOF Economic Globalization Index for Thailand and other countries has two dimensions. First, it measures the economic flows between Thailand and the rest of the world in terms of international trade and international investment. The question is whether Thailand exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100.

Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls. More information and the original data can be obtained here.
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