Startups in Thailand - statistics & facts
Thai startups have developed drastically. Many companies have achieved success with over one million users. Thailand is home to three unicorns, setting an example for the potential development startups in Thailand could achieve. However, the number of startups in Thailand still lags, despite the country ranking third in terms of GDP among ASEAN countries. On the road to establishing itself as a major startup hub, the Thai government rolled out a national economic plan for digitalization, pushing more growth toward the tech startup scene. Given its vibrant talent pool at a fraction of the cost compared to those in Europe and the United States, Thailand is an ideal location for launching a startup.
