Thailand’s growth has also been accompanied by sizable changes in the structure of the
economy, as shown in figure 2. The share of GDP accounted for by industry has doubled from
21 percent in 1970 to 44 percent in 2003. In contrast, the share coming from the agricultural
sector fell from 23 to 10 percent. Surprisingly, the role of services, as measured by its output
share, has declined slightly. The general picture is one of resources moving out of agriculture
and into industry.