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| Population |
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 The population of Thailand reached 63.36 millions persons at the end of 2003, of which approximately 25 percent are under the age of 15.
The size of the workforce is approximately 35 million persons, with the majority of the workforce being under 30 years of age. At the end of 2003, the number of unemployed persons was 0.69 millions persons, 2.0 percent of the total labor force and approximately 1 percent of the total population. Each year about 800,000 people join the labor force, with a literacy rate above 90 percent. Many standard labor practices apply, including mandatory severance packages and overtime payments for work in excess of the normal workday.
The minimum wage in Thailand is currently 169 baht per day (about US$4.00) in Bangkok, and between 133-168 baht in other provinces. While not the lowest labor market in the region, Thailand's workforce is among the most cost-efficient in the world, as they have earned a reputation for diligence and adaptability.
In recent years, there has been increased emphasis on education. The Ninth National Economic and Social Development Plan (2002-2006) has focused on balanced development of human, social, economic, and environmental resources. | |
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The interpretations and conclusions given represent those of the authors. They
do not necessarily reflect the view of the Royal Thai Government, its
departments or other related institutions.
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