How much money does Thailand make from tourism?

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.

What is the rank of Thailand in tourism?

Thailand recorded a total of 40 m tourists in 2019, ranking 13th in the world in absolute terms.

Does Thailand rely on tourism?

Unsurprisingly, the tourism industry is a major contributor to the country’s economy. As of the first quarter of 2020, the tourism industry was estimated to directly contribute 5.65 percent to the gross domestic product (GDP) in Thailand. Tourism is also one of Thailand’s largest sector of employment.

How many Thai people work directly in tourism?

Employment share of tourism sector Thailand 2017-2020. In 2020, the employment in tourism sector accounted for around 11.6 percent of Thailand’s total employment. In that same period, the size of tourism employment in Thailand amounted to approximately 4.37 million.

What percent of Thailand economy is tourism?

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.

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Is Thailand the most visited country?

Based on 2019 tourism numbers, the most visited countries are: France – 89.4 million.

Most Visited Countries 2021.

Country International Tourist Arrivals
Thailand 39,800,000
Germany 39,600,000
United Kingdom 39,400,000
Japan 32,300,000

Who visit Thailand most?

From 2012 onwards, China has been taking the top spot as far as providing tourists to Thailand, now way ahead of Malaysia in second place. As seen below, close to 11 million Chinese visitors arrived in 2019, which was 27.6 % of the total.

What country has the most tourists in the world?

20 Most-Visited Countries in the World

  1. France — 89.4 Million Visitors.
  2. Spain — 82.7 Million Visitors. …
  3. United States — 79.6 Million Visitors. …
  4. China — 62.9 Million Visitors. …
  5. Italy — 62.1 Million Visitors. …
  6. Turkey — 45.7 Million Visitors. …
  7. Mexico — 41.4 Million Visitors. …
  8. Germany — 38.8 Million Visitors. …

How much do tourists spend in Thailand?

Value of tourism expenditures Thailand 2017-2020

In 2020, the total value of tourist expenditures in Thailand reached around 821 million Thai baht, which significantly decreased from the previous year.