Thailand’s economy grew at its fastest at 4.5 percent YoY in the third quarter, which is attributed to tourism recovery and private consumption.
International tourism was a key part of Thailand's GDP prior to the COVID-19 pandemic, contributing an estimated 11.5% of GDP in 2019. However, foreign tourism visits collapsed after April 2020 as many international borders worldwide were closed, including Thailand's own restr...
In 2024, the gross domestic product (GDP) in Thailand was estimated to grow by 2.4 percent from the previous year. During the given period of time, the growth rate of GDP of the country has been fluctuating. Annual growth rate of the gross domestic product (GDP) in Thailand from 2021 to...
Tourism makes up about six percent of the country’s economy and contributes 12 trillion baht annually to the Thai GDP. Thailand is one of the most visited countries in Southeast Asia and it sees around 32.5 million tourists each year—a number that continues to rise each year. The country ...
Tourism in Thailand accounts for up to 20% of the country’s GDP. When the Thai government of Prayut Chan-o-cha shut the country’s borders to almost all foreign visitors, that effectively cut off one fifth of Thailand’s GDP from the end of March this year until the current ...
"If tourist arrivals reach the Tourism Minister's forecast of 29 million in 2015, up from about 25 million this year, GDP growth would receive a boost of about 1.6 percentage points," it said.
GDP.[14]In 2013, the Thai economy is expected to grow in the range of 3.8-4.3 percent.[19]During the first half of 2013 (Q1-Q2/2013), the Thai economy grew by 4.1 percent (YoY).[19]After seasonally adjusted, however, the Thai GDP contracted by 1.7 percent and 0.3 percent in the...
Travel, Tourism & Hospitality Value of tourism GDP Thailand 2017-2022 + Leisure Travel Most used online travel agencies Thailand 2023 + Travel, Tourism & Hospitality Number of local tourists Thailand 2023 + Travel, Tourism & Hospitality International tourist arrivals revenue Thailand 2023 ...
Thailand rice is world famous and hence Thailand is the world's no.1 exporter of rice. In addition, Thailand tourism is also growing especially tourism Prostitution in Thailand and sex tourism in Thailand has some percentage in total GDP of the country. Above all, sex tourism in Thailand is...
Thailand's GDP depends heavily on foreign tourism income. The growth in tourism is expected to alter the travel industry's environment and generate a strong need for both the public and private associated sectors, like car rentals and hospitality. ...