The Thai economy showed positive signs in the third quarter of 2023. Foreign tourist arrivals increased, particularly from South Korea, India, the Middle East, Europe, and China.
Key Takeaways
- The Bank of Thailand expects improvements in economic growth for the country in the third quarter, driven by increased private consumption and a recovery in the tourism sector.
- The manufacturing sector, particularly the automobile and petroleum industries, contributed to the growth in merchandise exports, while private investment and public spending declined.
- The number of foreign tourists visiting Thailand increased, particularly from countries like South Korea and India, leading to a rise in tourist expenditures.
Thailand has welcomed 20 million foreign tourists so far this year, with September seeing a notable increase in arrivals, especially from South Korea and India. Tourist expenditures have…
