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Following the decline and fall of the Khmer empire in the 13th–15th century, the Buddhist Tai kingdoms of Sukhothai, Lanna, and Lan Xang (now Laos) were on the rise.However, a century later, the power of Sukhothai was overshadowed by the new Kingdom of Ayutthaya, established in the mid-14th century in the lower Chao Phraya River or Menam area.Western influence nevertheless led to many reforms in the 19th century and major concessions, most notably the loss of a large territory on the east side of the Mekong to the French and the step-by-step absorption by Britain of the Shan and Karen people areas and Malay Peninsula.
It is the 20th-most-populous country in the world, with around 69 million people.Manufacturing, agriculture, and tourism are leading sectors of the economy.), is a country at the centre of the Indochinese peninsula in Southeast Asia.The country has always been called Mueang Thai by its citizens.According to George Cœdès, the word Thai (ไทย) means "free man" in the Thai language, "differentiating the Thai from the natives encompassed in Thai society as serfs.") means "kingdom of Thailand" or "kingdom of Thai".Etymologically, its components are: ratcha (Sanskrit राजन्, rājan, "king, royal, realm") ; -ana- (Pali āṇā "authority, command, power", itself from the Sanskrit आज्ञा, ājñā, of the same meaning) -chak (from Sanskrit चक्र cakra- "wheel", a symbol of power and rule).
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The Thai economy is the world's 20th largest by GDP at PPP and the 27th largest by nominal GDP.