Exports of services as a part of balance of payment reached 67.7 USD bil in 2016 in Thailand, according to the National Statistical Office. This is 10.5 % less than in the previous year.
Historically, exports of services as a part of balance of payment in Thailand reached an all time high of 75.7 USD bil in 2017 and an all time low of 0.508 USD bil in 1976. When compared to Thailand's main peers, exports of services as a part of balance of payment in Cambodia amounted to 4.03 USD bil, 0.831 USD bil in Laos, 35.6 USD bil in Malaysia and 3.80 USD bil in Myanmar in 2016.
Thailand has been ranked 22nd within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 7 places above the position seen 10 years ago.
Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.
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