THA · snapshot 2026-08-09
Thailand
HighOverall risk score
47.6
Percentile of scored universe
51th
Data coverage
93%
vs Australia (16.1)
+31.5
Category breakdown
Political Stability & Governance
High6 indicators · 100% coverage
Economic Resilience
Medium7 indicators · 100% coverage
Financial & Currency Risk
Medium5 indicators · 100% coverage
Business Environment
Medium3 indicators · 75% coverage
Security & Crime
Very High3 indicators · 80% coverage
Climate & Social Compliance
High4 indicators · 100% coverage
Technology & Digital
Medium4 indicators · 100% coverage
Cultural Distance
Very High9 indicators · 100% coverage · not in overall score
Key risks and considerations
Thailand rates High for market entry — an overall risk score of 47.6, riskier than 51% of rated economies and 31 points riskier than Australia.
The main risk drivers are pervasive organised crime (6.4/10), political instability and armed conflict (0.1 battle deaths per 100k/yr).
Relative strengths: FX reserves, current account, currency stability all rate Low, the least-risky rating band.
Possible mitigations
- Political violence. Consider political-violence and political-risk insurance, keep asset footprints light, and maintain an exit/continuity plan with defined triggers.
- Organised crime. Expect extortion, counterfeiting, and cargo-theft exposure: harden supply-chain security, vet logistics partners and distributors carefully, and avoid cash-heavy channels.
- Payment fraud. Experts nominate this market as a cybercrime origin (World Cybercrime Index, 2021 survey): verify any change of bank details out-of-band, enforce MFA and dual authorisation on payments, and be sceptical of unsolicited counterparties.
- Cultural bridging. Large cultural distance: invest in local partners, bilingual advisers, and longer relationship-building timelines — assume negotiation and management norms differ materially.
Generated automatically from this snapshot’s indicator data — a starting point for analysis, not advice.
Indicators
| Indicator | Value | Risk score | Rating | Australia | Data source year | Source |
|---|---|---|---|---|---|---|
| Political Stability & Governance | ||||||
| Voice & accountability (WGI) | 47.1 | 63.2 | High | |||
| Government effectiveness (WGI) | 56.3 | 39.8 | Medium | |||
| Regulatory quality (WGI) | 56.5 | 40.7 | Medium | |||
| Rule of law (WGI) | 53.3 | 53.9 | High | |||
| Control of corruption (WGI) | 37.2 | 64.5 | High | |||
| Political stability & absence of violence/terrorism (WGI PV) | 54.2 | 77.1 | Very High | |||
| Economic Resilience | ||||||
| GDP growth (3-yr average, %) | 2.5% (3-yr avg) | 45.0 | Medium | |||
| Growth volatility (10-yr std dev, pp) | ±3.0 pp | 40.1 | Medium | |||
| Government net debt (% of GDP) | 64.7 | 60.0 | High | |||
| Inflation (CPI %, vs income-group target) | -0.1 | 35.0 | Medium | |||
| Current account (3-yr average, % of GDP) | 2.2% (3-yr avg) | 15.0 | Low | |||
| FX reserves (months of import cover) | 8.0 months | 10.0 | Low | |||
| GDP per capita (PPP, current intl $) | $26,250 | 43.5 | Medium | |||
| Financial & Currency Risk | ||||||
| Capital-account openness (Chinn-Ito KAOPEN) | 0.42 | 60.0 | High | |||
| Currency stability (regime-aware classification) | Floating — low volatility (<8%) | 15.0 | Low | |||
| Sovereign credit risk (OECD country risk classification) | Category 3 / 7 | 28.0 | Medium | |||
| FATF listing (grey / black list status) | Not listed | 0.0 | Low | |||
| Double-tax agreement with Australia | In force | 0.0 | Low | |||
| Business Environment | ||||||
| FDI regulatory restrictiveness (OECD FDIRRI) | 0.24 | 66.5 | High | |||
| Logistics performance (World Bank LPI) | 3.5 | 24.6 | Low | |||
| Business readiness (World Bank B-READY pillar average) | — | — | Insufficient data | |||
| Investment protection with Australia in force (BIT or FTA investment chapter) | In force | 0.0 | Low | |||
| Security & Crime | ||||||
| Armed-conflict intensity (battle deaths per 100k, 5-yr) | 0.1 | 76.3 | Very High | |||
| Intentional homicide rate (per 100k) | 4.8 | — | Insufficient data | |||
| Organised crime pervasiveness (GI-TOC criminality score) | 6.4 | 79.4 | Very High | |||
| DFAT Smartraveller advisory level | Level 2 — Exercise a high degree of caution | 40.0 | Medium | |||
| Climate & Social Compliance | ||||||
| Physical climate vulnerability (ND-GAIN vulnerability) | 0.443 | 48.2 | Medium | |||
| Disaster risk (INFORM Risk Index) | 4.3 | 63.4 | High | |||
| Modern-slavery prevalence (per 1,000) | 5.7 | 50.9 | High | |||
| Modern-slavery vulnerability score | 46.5 | 44.7 | Medium | |||
| Technology & Digital | ||||||
| E-government development (UN EGDI) | 0.8 | 26.7 | Medium | |||
| Internet users (% of population) | 90.9 | 27.7 | Medium | |||
| Cybercrime origination (World Cybercrime Index) | 1.0 | 30.0 | Medium | |||
| Secure internet servers (per million people) | 3150.0 | 37.9 | Medium | |||
Per-indicator ratings are quartile bands of the 0–100 risk score. The Australia column shows the same indicator’s raw value for the Australian baseline in this snapshot.
Cultural distance
GLOBE 2004 societal practices · rated on distance from Australia · not in the overall score
Context — not scored
Unemployment
0.8%
Displayed, never scored: ambiguous for an entrant and unreliable where informal employment dominates. (2025, ILO modelled)
Trade agreement
Free trade agreement with Australia in force
Market access is decision-relevant but a benefit, not a risk — kept out of the rating.
Regional advisories
Higher levels apply in some areas (up to Level 4)
DFAT Smartraveller sub-national advice where it exceeds the overall level.
Compare with
A score means little on its own. These economies scored closest to Thailand in this snapshot, which is the fastest way to see whether the rating is telling you something specific or something regional.