Thailand’s GDP Grows 4.5% in 3Q as Expected

Thailand’s economy grew 4.5% in the third quarter of 2022, in line with expectations as recovery in the tourism sector that accounted for around 18% of the country’s gross domestic production.

Thailand recorded around 7.6 million foreign tourists so far this year.

The Tourism Authority of Thailand expects up to 10 million tourist arrivals this year and 18 million in 2023. Still, the figure is well below the record of 39 million arrivals in 2019.