THAILAND: COUNTRY REPORT
Population of Thailand is 67,091,089, with a population density of 132.7people per sq.km. Population-wise the country is 20th in the world. The population is overwhelmingly Buddhist 94.6%, among others Muslims 4.6%, Christians 0.7% and others 0.1%. The population growth rate is merely 0.54%. Thirty four percent of population lives in urban areas, and urbanization rate is 1.8% , Per Capita Income of Thailand’s per capita income is US $5394. Affordability is seen as the ability of a household to earn an amount 25% of which can be paid off for housing. The Government of Thailand once encouraged Government Housing Bank and other commercial banks to extend repayment period up to 30 years to ease the borrower’s financial burden and to increase affordability for homebuyers.