Question: What percentage of GDP is tourism in Thailand?

In 2020, the tourism industry contributed around 6.78 percent to Thailand’s GDP, which drastically decreased form the previous year due to the coronavirus (COVID-19) pandemic. In that same period, the total value of Thailand’s GDP was around 15 trillion Thai baht.

What percentage of Thailand GDP is tourism 2019?

In 2019, contribution of travel and tourism to GDP (% of GDP) for Thailand was 21.9 %. Though Thailand contribution of travel and tourism to GDP (% of GDP) fluctuated substantially in recent years, it tended to increase through 2000 – 2019 period ending at 21.9 % in 2019.

What percentage of GDP is tourism?

WTTC works to raise awareness of Travel & Tourism as one of the world’s largest sectors, supporting 292 million jobs and generating 10.2% of global GDP.

How big is Thailand’s tourism industry?

Thailand saw foreign tourist arrivals plunge to 73,932 in the first eight months of this year, from almost 40 million visitors in 2019 who generated more than $60 billion in revenue.

How much is tourism worth to Thailand?

In 2020, the tourism industry contributed around one trillion Thai baht to Thailand’s GDP. In that same period, the total value of Thailand’s GDP amounted to approximately 15 trillion Thai baht. Thailand is one of the most popular tourist destinations in the world.

IT IS SURPRISING:  What is the benefit of social tourism?

Why Thailand has a lot of tourists?

The food, the prices, the incredible hotels, cheap hostels, beautiful islands, the ease of getting around – any and all could be responsible for why Thailand is so popular, and why last year over 38 million people visited.

Which country has highest tourism GDP?

List of Countries by Tourism Income

Rank Country Percentage of GDP
1 United States of America 1.1
2 Spain 5.2
3 France 2.3
4 Thailand 12.6

How much of Japan’s GDP is tourism?

With the average tourist spending $1,321 in Q2 2018, tourism in total currently equates to approximately 0.8% of Japan’s gross domestic product (GDP), although the broader impact is estimated to equal about 2.2% of GDP.

Which country has the biggest tourism industry?

Most visited destinations by international tourist arrivals

Rank Destination International tourist arrivals (2018)
1 France 89.4 million
2 Spain 82.8 million
3 United States 79.7 million
4 China 62.9 million

Why is tourism very important to Thailand’s economy?

The tourism industry is an important sector in Thailand since it is considered by the Thai government as one of the most important industries for income generation. … Furthermore, according to Brida and Pulina (2010), growth in the tourism sector stimulates investment in new infrastructure and generates employment.

How many people are employed in the tourism industry in Thailand?

In 2020, around 4.37 million people worked in the tourism sector in Thailand. In that same period, the total size of employment in Thailand amounted to approximately 37.68 million.