Tourism Thailand Gdp 2019
The economy of thailand is dependent on exports which accounts for more than two thirds of the countrys gross domestic product gdp. The official site of tourism authority of thailand.
World Bank Joins Ranks Of Gdp Naysayers
The gross domestic product gdp in thailand was worth 520 billion us dollars in 2019 according to official data from the world bank and projections from trading economics.
Tourism thailand gdp 2019. Published yearly our globally recognised study on the economic impact of travel tourism covers 185 countries 25 regions. Thailands tourism authority published data this week which showed that the number of tourists for the first 9 months was up by 35. Over 40 percent of thais admitted that they could barely afford food in 2018 forcing prayut to announce a 10 billion stimulus after thailands economic growth slowed even further in 2019.
Thailand itself is a newly industrialized country with a gdp of 16316 trillion baht us505 billion in 2018 the 8th largest economy of asia according to the world bank. As of 2018 thailand has an average inflation of 106 and an account surplus of 75. Measuring its size growth and contribution to society forms the backbone of our mission.
The gdp value of thailand represents 043 percent of the world economy. Gdp in thailand averaged 13575 usd billion from 1960 until 2019 reaching an all time high of 520 usd billion in 2019 and a record low of 276 usd. Amazing thailand travel information travel guide maps hotels accommodation attractions events festivals food culture shopping information to help you plan your thailand vacations.
Thailands economy grew more slowly than expected in the third quarter and the government lowered its full year forecast as the country deals with the impact of the us china trade war and a. Tourism is an economic contributor to the kingdom of thailandestimates of tourism revenue directly contributing to the gdp of 12 trillion baht range from one trillion baht 2013 253 trillion baht 2016 the equivalent of 9 to 177 of gdp. The figures came as a surprise to many expats and hoteliers in thailand who see 2019 as the watershed year when thailands tourism industry dipped.
When including indirect travel and tourism receipts the 2014 total is estimated to be the equivalent of 193 23 trillion baht of thailands gdp. We understand how important high quality economic data is to understand the full potential of the travel tourism sector.
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