Comprising an area of 514,000 km2 in Southeast Asia, Thailand (formerly known as Siam) extends almost two-thirds down the Malay Peninsula. It is bordered on the North East and East by Laos, on the South East by Cambodia and the Gulf of Thailand (formerly the Gulf of Siam), on the South by Malaysia, on the South West by the Andaman Sea, and on the West and North West by Myanmar, with a total boundary length of 8,082 km.
Thailand is regarded a newly industrialized country, the 8 th largest economy in Asia. Thailand is usually around the 35-40 th most competitive nation according to the World Economic Forum’s global competitiveness ranking. (Among 140 countries rated in the report.) The industrial and service sectors are the main inputs in the Thai gross domestic product (GDP), with the former accounting for 39.2%. Thailand’s agricultural sector produces 8.4% of the GDP, lower than the logistics or communication sectors. The economy of Thailand is highly dependent on exports.