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 ...
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...
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.
The NESDC expected the country's GDP to expand in the range of 2.5 percent-3.5 percent from one year earlier in 2022, supported by the improvement of domestic demand and the tourism sector. The Southeast Asian country's tourism revenue stood at 144 billion baht (about 4.16 billion U.S. d...
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 ...
carried out by the real estate website DDpropertyrevealeda decline in the number of consumers planning to buy a home within the next year, dropping from 53% in H2 2023 to 44% in H1 2024. At the same time, the percentage of those opting to rent has increased from 9% to 14%. This ...
Stagnating productivity is certainly one of the key challenges. Average growth in total factor productivity (TFP) fell from a high of 3.6% per annum during the early 2000s to just 1.3% during 2009–2017. Foreign direct investment (FDI) has fallen as a percentage of GDP since the military ...
Thailand is beefing up efforts to revive its economy as the tourism sector, the main growth engine that contributed roughly 20 percent of the country's GDP before COVID-19, has been hit hard by the pandemic. Enditem
Thailand looks forward to the speedy resumption of international travel and hopes to welcome Chinese tourists back to Thailand under our tourism campaign "Visit Thailand Year 2023: Amazing New Chapters". On the economic front, China has been Thailand's number one trading partner for ten consecutive...
For months, Thailand had exercised regulations for visitors, such as quarantining, causing the tourism contribution to GDP to drop significantly. Impact on the society in Thailand The COVID-19 pandemic also impacted the ways of life of Thai people. Apart from additional concerns for their health...