The Economy of Thailand is a newly industrialized economy. It is a heavily export-dependent economy, with exports accounting for more than two thirds of its gross domestic product (GDP). In the year 2012, according to the Office of the National Economic and Social Development Board, Thailand had a GDP at current market prices of THB11.363 trillion (USD365 billion). In 2012, the Thai economy grew by 6.4 percent, with the headline inflation rate of 3.02 percent[3] and the current account surplus of 0.7 percent of the country's GDP. In 2013, the Thai economy is expected to grow in the range of 4.5-5.5 percent