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THAILAND
 
RETAIL MARKET
  
Thailand's retail sector witnessed a sharp increase in new investments by both local and foreign players in 2005 despite economic uncertainty and cautious consumer spending. Most retailers were not only optimistic about new market opportunities, they also sought to brace themselves for more intense competition and strengthen their foundations for future growth.
 
Indeed, 2005 was a landmark year for Thailand's retail business, with investments of more than 40 billion baht so far, creating more than 15,000 jobs. Based on information provided by many retail companies, the majority of the investment has been in the form of outlet expansion, store facelifts, and new distribution centres. Top spenders were existing players who own discount and convenience stores. But new players also had an increasingly prominent role as well. They include Tawanna Center Park, owned by liquor tycoon Charoen Sirivadhanabhakdi; Platinum Mall; Bangyai Night Baazar from investors from the garment business; Union Mall, which was developed by the owner of Bonanza Mall; and Century: The Movie Plaza by the Poolvoraluk family.
 
 
 
  
KEY STATISTICS
 
Population: 64,631,595
 
Age structure:
0-14 years: 22% (male 7,284,068/female 6,958,632)
15-64 years: 70% (male 22,331,312/female 22,880,588)
65 years and over: 8% (male 2,355,190/female 2,821,805) (2006 est.)
 
Population growth rate: 0.68% (2006 est.)
 
GDP (purchasing power parity): $560.7 billion (2005 est.)
GDP - per capita (PPP): $8,300 (2005 est.)
 
Unemployment rate: 1.8% (2005 est.)

 


 

 
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