In 2022, the tourism industry contributed around 7.24 percent to Thailand's GDP, which increased from the previous year. In that same period, the total value of Thailand's GDP was almost five hundred billion U.S. dollars. Thailand's tourism industry has been heavily affected by the COVID-19 pandemic. However, it is currently recovering after the government relaxed COVID-19 regulations and promoted tourism.
The economic contribution of travel and tourism in Thailand
Thailand is recognized as one of the most popular tourist destinations worldwide. Travel and tourism play a significant role in supporting Thailand's economy. In 2022, these industries' contribution to the country’s GDP reached over one trillion Thai baht. Thailand's tourism industry also provided nearly seven million jobs in the country, ranking fifth in terms of the highest number of people employed in the tourism industry in the Asia-Pacific region in 2022.
Inbound tourism in Thailand
Thailand's economy relies heavily on international tourism. The tourist economy of the country has been recovering steadily since the country allowed international tourist arrivals again in 2022. In 2023, Thailand welcomed around 28 million international tourists, which was more than double the previous year. In that same year, the total revenue generated by international tourist arrivals in the country reached more than one hundred billion Thai baht on a nearly monthly basis, giving the country a total revenue of over one trillion Thai baht for the entire year.
Share of tourism contribution to the Gross Domestic Product (GDP) value in Thailand from 2017 to 2022
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Ministry of Tourism and Sports (Thailand). (June 11, 2024). Share of tourism contribution to the Gross Domestic Product (GDP) value in Thailand from 2017 to 2022 [Graph]. In Statista. Retrieved December 07, 2024, from https://www.statista.com/statistics/1143467/thailand-share-of-tourism-to-gdp/
Ministry of Tourism and Sports (Thailand). "Share of tourism contribution to the Gross Domestic Product (GDP) value in Thailand from 2017 to 2022." Chart. June 11, 2024. Statista. Accessed December 07, 2024. https://www.statista.com/statistics/1143467/thailand-share-of-tourism-to-gdp/
Ministry of Tourism and Sports (Thailand). (2024). Share of tourism contribution to the Gross Domestic Product (GDP) value in Thailand from 2017 to 2022. Statista. Statista Inc.. Accessed: December 07, 2024. https://www.statista.com/statistics/1143467/thailand-share-of-tourism-to-gdp/
Ministry of Tourism and Sports (Thailand). "Share of Tourism Contribution to The Gross Domestic Product (Gdp) Value in Thailand from 2017 to 2022." Statista, Statista Inc., 11 Jun 2024, https://www.statista.com/statistics/1143467/thailand-share-of-tourism-to-gdp/
Ministry of Tourism and Sports (Thailand), Share of tourism contribution to the Gross Domestic Product (GDP) value in Thailand from 2017 to 2022 Statista, https://www.statista.com/statistics/1143467/thailand-share-of-tourism-to-gdp/ (last visited December 07, 2024)
Share of tourism contribution to the Gross Domestic Product (GDP) value in Thailand from 2017 to 2022 [Graph], Ministry of Tourism and Sports (Thailand), June 11, 2024. [Online]. Available: https://www.statista.com/statistics/1143467/thailand-share-of-tourism-to-gdp/