ABSTRACT
Population Population 66.04 mn Urban population 33% Population under 15 23% Population 65 and over 11% Average annual growth rate (2004 to 2007) 0.79% Geography Land area 514,000 km2 Agricultural area 35% Capital city Bangkok Population of capital city 10 mn Economy Monetary unit Thai Baht (Bt) Exchange rate (average fourth quarter 2008) to: the pound sterling Bt 52.07 the US dollar Bt 35.04 the euro Bt 47.18 the yen x 100 Bt 38.38 Average annual inflation (1998 to 2007) 2.8% Inflation rate 2.3% Gross Domestic Product (GDP) Bt 8,493 bn GDP per capita Bt 128,607 Average annual real change in (GDP)(1998 to 2007) 4.48% Private consumption as a proportion of GDP 53.7% Public consumption as a proportion of GDP 12.2% Investment as a proportion of GDP 26.5% Construction Gross value of construction output Bt 722 bn Net value of construction output Bt 247 bn Net value of construction output as a proportion of GDP 2.9%
THE CONSTRUCTION INDUSTRY
Construction Output
The net output of construction industry in 2007 was Bt 247 billion, equivalent to US$ 7.04 billion, or 2.9% of GDP. The total construction area approved in municipal zone for 2007 was 17.35 million m2 of which 12.92 million m2 were residential development. The graphs below show the value of land transfer, construction area permitted and the net output of construction industry at current prices for the last 20 years.
