Frequent question: How much does tourism bring to Thailand 2019?

How much money does Thailand get from tourism?

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.

How many tourists visited the Thailand in 2019?

Number of international tourist arrivals in Thailand from 2015 to 2020 (in millions)

Characteristic Number of internation tourist arrivals in millions
2019 39.8
2018 38.18
2017 35.59
2016 32.5

How important is tourism to Thailand?

The tourism industry is one of Thailand’s main economic sectors, accounting for 6-7% of its GDP. Revenue reached THB 2.5 trillion (USD 71 billion) in 2016, with THB 1.6 trillion coming from interna- tional markets and THB 870 billion from the domestic market.

How much of the economy is tourism?

Tourism is an important sector in the global economy. Today, 10.4% of the world’s GDP and 7% of the world’s total exports come from tourism. The industry is worth over US$ 1.1 trillion.

What is tourism GDP?

Share of Tourism to GDP is 5.4 percent in 2020

In 2020, the contribution of Tourism Direct Gross Value Added (TDGVA) to the Philippine economy, as measured by the Gross Domestic Product (GDP),… Read more about Share of Tourism to GDP is 5.4 percent in 2020.

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How many visitors go to Thailand?

Statistics

Year Arrivals % change
2020 6,702,396 83.21%
2019 39,797,406 4.24%
2018 38,277,300 7.54%
2017 35,381,210 8.57%

Is Thailand dependent on tourism?

The Thai tourism industry was drastically affected by such measures as it relies on tourist arrivals and spending. Unsurprisingly, the number of international tourists in Thailand had significantly dropped, amounting only around 20 thousand tourists as of the first quarter of 2021.

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.