what type of economic system does thailand have
Economy of Thailand Thailand is a newly industrialized country. Its economy is heavily export-dependent, with exports accounting for more than two-thirds of its gross domestic product (GDP). In 2017, according to the IMF, Thailand had a GDP of 15.450 trillion baht (US$455 billion), the 8th largest economy of Asia.[24] Thailand has a headline inflation rate of 3.02 percent[7] and an account surplus of 0.7 percent of the country's GDP.[25] In 2013, the Thai economy is expected to grow in the range of 3.8–4.3 percent.[26] During the first half of 2013 (Q1-Q2/2013), the Thai economy grew by 4.1 percent (YoY).[26] After seasonal adjustment, however, Thailand's GDP contracted by 1.7 percent and 0.3 percent in the first and the second quarters of 2013 respectively.
Economy of the Philippines The Philippines is primarily considered a newly industrialized country, which has an economy transitioning from one based on agriculture to one based more on services and manufacturing. As of 2017, GDP by Purchasing power parity was estimated to be at $878.980 billion.[26]