Thyferra is known throughout the galaxy as the original source of bacta. Its native population, the insectoid Vratix, discovered the formulation and the human colonists of the planet (known as Thyferrans) became the major economic driving force behind its exploitation. The two races coexist upon the planet, with the Vratix and Thyferrans having their own separate systems of government. There have been tensions in this balance, with accusations of terrorism pointed at the Vratix Ashern Circle. For such a large planet the gravity is low, leading to the tall and graceful physique of the Thyferrans and also allowing the evolution of the Vratix to such large physical size. Humid jungles swathe the equatorial regions of the planet with shady forest and grassland elsewhere, and it is generally a very pleasant place.

There is little variation in seasonal climate as Thyferra has an almost circular orbit and stable weather system. The lovely beaches are very popular as a destination for tourists and inevitably the settlements near the coast have lively casinos, bars, and nightlife.

The location of this planet is strategically significant for controlling traffic passing through to neighboring systems, which has led to the construction of several military bases to monitor ships traveling in the vicinity.