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The baht was called “tical” by the English until 1925.
Thailand has a free-enterprise economy.
Exports (machinery and electronic components, agricultural commodities, and jewelry) make up over half of Thai GDP. Exports were severely cut during the financial crisis of 2008-09, but have rebounded quickly.
Tourism is also a key industry, and is strong again after a severe drop during antigovernment protests in 2009