18
March, 2020
48% 11% 41%
High Impact Medium Impact Lower Impact
Thailand
Latest Available Workforce Statistics
- February 2020
Total Workforce
38.4m
Unemployed
420K
Impact of Coronavirus
▪ The Social Security Fund is expected to support a
million people who are temporarily out of work with a
164 billion baht unemployment fund. Additionally
there is a 90 billion baht fund for other workers who
are now unemployed.
▪ Schools were closed from Mid-March and are not due
to open again until July.
▪ Businesses that are required to close do not need to
pay employees, but employers who decide to cease
operations must pay 75% of wages.
Employment Share: Coronavirus - Likely Impact by Sector
High Impact Medium Impact Lower Impact
Accommodation
and Food Services
8%
Construction
5%
Education
3%
Real Estate;
Business and
Administrative
activities
3%
Financial and
Insurance Activities
1%
Human Health and
Social Work
Activities
2%
Manufacturing
16%
Mining and
Quarrying
<1%
Public Admin,
defence, social
security
4%
Wholesale and
Retail trade
17%
Transport, storage
and communication
4%
Utilities
1%
Arts, Entertainment,
Recreation and
other services
4%
Agriculture, Forestry
and fishing
31%
Share of Workforce based on Sector and Likely Impact of Coronavirus on Jobs
Forecast YOY Change
-6.7%
IMF GDP
Forecast*
*IMF Real GDP Forecast is a baseline scenario which assumes pandemic containment
measures are gradually wound down in the second half of 2020. IMF, World Economic
Outlook, April 2020
IMF, World Economic Outlook, April 2020 https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020
https://ilostat.ilo.org/data/ https://www.ilo.org/global/topics/coronavirus/lang--en/index.htm
https://www.lexology.com/research/hubs/coronavirus
https://tradingeconomics.com/
https://thethaiger.com/coronavirus/loophole-closed-more-unemployed-to-receive-payments-from-thai-government
https://www.bangkokpost.com/thailand/general/1895015/schools-wont-reopen-until-july-1
http://www.nso.go.th/sites/
