Market Intelligence Reports

Global Market Report Q4 2021

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89 Thailand Q4 2021 Total Labor Force (000s) 38,778 Employed Workers (000s) 37,906 Unemployed Workers (000s) 873 Unemployment Rate 2.3% 38,417 37,828 37,990 38,431 37,906 Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 0.9% 1.0% 1.9% 1.5% 2.3% Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 69% - First Vaccine Dose (December 2021) Covid Update While vaccine mandates are not in place, many businesses are advertising that they have 100% vaccinated staff. Businesses and events are following 'Covid Free Setting" guidelines where entry is dependent on proof of vaccination or a negative test. 5% 20% 7% 0% 25% 50% 75% Employer Tax Profit Tax VAT Thailand Regional Average Other Cost Considerations - Tax Indicative Wages (USD) $470 $459 $1.27 $0 $5 $10 $15 $0 $2,500 $5,000 Average Wage Manufacturing Wage Minimum Wage Thailand Regional Average In October '21, there were over 23K open job vacancies. Working Population (in Thousands) Over Time Unemployment Rate Over Time Labor Force Statistics Hiring Demand Trend by Experience Level TalentNeuron Monthly Hourly Key Sources: https://wageindicator.org/ https://ilostat.ilo.org/ https://www.worldbank.org/ https://tradingeconomics.com/ https://home.kpmg/xx/en/home.html https://taxsummaries.pwc.com/ http://statbbi.nso.go.th/

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