<Tr> <Th> Foreign reserves </Th> <Td> US $251.055 billion (20 APR 2018) </Td> </Tr> <Tr> <Td_colspan="2"> Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars . </Td> </Tr> <P> Thailand is a newly industrialized country . Its economy is heavily export - dependent, with exports accounting for more than two - thirds of its gross domestic product (GDP). In 2017, according to the IMF, Thailand had a GDP of 15.450 trillion baht (US $455 billion), the 8th largest economy of Asia . Thailand has a headline inflation rate of 3.02 percent and an account surplus of 0.7 percent of the country's GDP . In 2013, the Thai economy is expected to grow in the range of 3.8--4.3 percent . During the first half of 2013 (Q1 - Q2 / 2013), the Thai economy grew by 4.1 percent (YoY). After seasonal adjustment, however, Thailand's GDP contracted by 1.7 percent and 0.3 percent in the first and the second quarters of 2013 respectively . </P> <P> The industrial and service sectors are the main sectors in the Thai gross domestic product, with the former accounting for 39.2 percent of GDP . Thailand's agricultural sector produces 8.4 percent of GDP--lower than the trade and logistics and communication sectors, which account for 13.4 percent and 9.8 percent of GDP respectively . The construction and mining sector adds 4.3 percent to the country's gross domestic product . Other service sectors (including the financial, education, and hotel and restaurant sectors) account for 24.9 percent of the country's GDP . Telecommunications and trade in services are emerging as centers of industrial expansion and economic competitiveness . </P>

What type of economic system does thailand have