Value of tourism GDP Thailand 2017-Q1 2020
In the first quarter of 2020, the tourism industry contributed around 539.2 billion Thai baht to Thailand's GDP. In that same period, the total value of Thailand's GDP amounted to approximately four trillion Thai baht.
Economic impact of tourism
Thailand is one of the most popular tourist destinations in the world. It is known for its beautiful beaches and nature, the hospitality of the people, and its rich historical sites. Unsurprisingly, the tourism industry is a major contributor to the country’s economy. As of the first quarter of 2020, the tourism industry was estimated to directly contribute 5.65 percent to the gross domestic product (GDP) in Thailand. Tourism is also one of Thailand’s largest sector of employment, and it ranked ninth in terms of having the highest number of people employed in the tourism industry worldwide in 2019.
Domestic tourism amidst Covid-19 pandemic
As a response to the COVID-19 pandemic in Thailand, international arrivals are currently prohibited until further notice. Therefore, the Tourism Authority of Thailand encouraged millions of Thais to travel locally in order to support the domestic tourism. Among other regions in Thailand, Bangkok generated the highest revenue from local visitors, amounting to around 176 billion Thai baht, with the southern region coming in second.
Economic impact of tourism
Thailand is one of the most popular tourist destinations in the world. It is known for its beautiful beaches and nature, the hospitality of the people, and its rich historical sites. Unsurprisingly, the tourism industry is a major contributor to the country’s economy. As of the first quarter of 2020, the tourism industry was estimated to directly contribute 5.65 percent to the gross domestic product (GDP) in Thailand. Tourism is also one of Thailand’s largest sector of employment, and it ranked ninth in terms of having the highest number of people employed in the tourism industry worldwide in 2019.
Domestic tourism amidst Covid-19 pandemic
As a response to the COVID-19 pandemic in Thailand, international arrivals are currently prohibited until further notice. Therefore, the Tourism Authority of Thailand encouraged millions of Thais to travel locally in order to support the domestic tourism. Among other regions in Thailand, Bangkok generated the highest revenue from local visitors, amounting to around 176 billion Thai baht, with the southern region coming in second.
