KASIKORNBANK Economic and Subsidiaries Performance Overview
Million Persons
K
KASIKORNTHAI
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Economic Condition Highlights: CAPEX and Investment Cycle
Capacity Utilization by Key Industries
Investment value of BOI-approved applications (Total)*
food
baverages
tobacco
31.0
textiles
paper and paper products
rubber and plastics products
42.6
basic metals
motor vehicles, trailers and semi-trailers
Other manufacturing
45.5
46.3
47.5
0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00
1H23 2022 2021
54.6
54.8
73.2
69.0
Investment Value (Bn)
Investment Value (Bt Bn)
700.0
631.1
618.6
511.9
459.5
447.4
500.0
361.4
300.0
100.0
-100.0
2017
2018
2019
2020
2021
2022
1H23
364.4
Investment value of BOI-approved applications (by Industry)*
150,000
130,000
110,000
90,000
70,000
50,000
18,211.0
30,000
14,408.0
10,000
-10,000
Agricultural Food and
Biotechnology
Medical
38,932.0
Machine and Automative
Electrical Appliances and
Electronics
1H23
107,688.0
22,244.0
Mineral and Materials
25,963,0
9,926.0 10,765.0
5,003.0
13,053.0
Chemical Petrochemical and
Plastic
Public Utilities
Digital
Source: The Bank of Thailand (BOT), The Ministry of Commerce (MOC), and Office of Industrial
Economics (OIE)
Source: The Board of Investment of Thailand (BOI)
Note: *Figures above indicate investments of approved projects requesting investment promotion
benefits from BOI
** BOI announced new activities & privileges promotion (effective in 2023)
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Tourism
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
Thailand's tourism receipts will progressively increase in 2023, reaching 61% of the 2019 level
%Tourism Revenue to GDP
20.0%
18.2%
17.7%
15.0%
11.6%
11.3%
10.0%
6.6%
6.4%
5.7%
5.0%
0.0%
2018
5.2%
3.0%
2.2%
2.2%
3.6%
1.6%
2.1%
2019
2020
2021p0
0.6%
2022e
2023f
% Foreign tourism revenue to GDP
% Tourism tourism revenue to GDP
% Domestic tourism revenue to GDP
No. of Foreign Tourists and Domestic Trips
50.00 166.0 172.7
40.00
38.20
30.00
90.6
39.92
20.00
53.0
11.14
10.00
6.70
0.42
0.00
2018
2019
2020
2021r
2022e
2023f
No. of Foreign tourists (persons)
No. of Domestic trips
Note: As of April 2023
10.8%
6.5%
4.3%
In 2023, KResearch projects the number of foreign
tourists coming to Thailand may reach 27.6 million, or
around 69 percent of the 2019 level
Meanwhile, domestic travel is expected to report steady
growth. Preliminarily KResearch projects Thais will
make around 170.0 million domestic trips in 2023
Tourism Revenue
(Bt bn)
170.0 200
3,500
150.8
2,947
2,994
3,000
150
2,500
1,940
27.6
1,876
1,912
997
100
2,000
1,500
,071
,082
793
352
633
1,170
770
50
1,000
319 474
500
254
98
364
0
2018
2019
2020
2021r
2022e
2023f
■Foreign Tourism Revenue
Domestic Tourism Revenue
■Total Revenue
บริการทุกระดับประทับใจ
158
Creative Industries
High Value Service
157
**View entire presentation