According to World Bank criteria, national economic development since the 1990s raised the country ranking in economic terms to a middle-income country.
Economically, Thailand had a record annual growth rate of 9% during 1985-1995. Since the Asian economic crisis in 1997, Thailand has recovered with an annual growth rate of 5-7 %. The GDP per capita was USD 8,500 as of 2010, and 15 provinces with the lowest GDP were all in the northeastern region.