Creating the Future of Finance - Breakthrough Innovation
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)*
Other manufacturing
motor vehicles, trailers and semi-trailers
basic metals
rubber and plastics products
paper and paper products.
textiles
tobacco
beverages
food
0.0
10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0
9M22
2021
2020
1400.0
867.5
900.0
631.1
511.9
502.7
459.5
447.4
361.4
400.0
-100.0
2016
2017
2018
2019
2020
2021 9M22
Investment value of BOI-approved applications (by Industry)*
100,000
80,000
60,000
40,000
29,640
22,067
15,379
20,000
0
Agriculture
Minerals&Ceramics
Light Industry
70,235
52,538
Metal Processing
Electronics & Electrical
Chemical Plastic Paper
15,800
18,087
0
frastructure
Service & Infrastruc
2017
2018
2019
2020
2021
9M22
Technology and Innova
Source: The Bank of Thailand (BOT), The Ministry of Commerce (MOC), and Office of Industrial
Economics (OIE)
(Data as of September 2022)
Source: The Board of Investment of Thailand (BOI)
Note: *Figures above indicate investments of approved projects requesting investment promotion
benefits from BOI
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Tourism
ธนาคารกสิกรไทย
开泰银行 KASIKORN BANK
Thailand's tourism receipts will progressively increase in 2023, reaching 60% of the 2019 level
%Tourism Revenue to GDP
20.0%
18.2%
17.7%
-44.6%
11.5%
10.0%
5.7%
2.2%
6.6%
6.4%
0.0%
5.2%
22%
3.0%
0.69
9.70%
5.90%
3.80%
3.6%
2018
2019r
2020
1.6%
2021r
2022e
2023f
% Foreign tourism revenue to GDP
-% Total tourism revenue to GDP
% Domestic tourism revenue to GDP
In 2023, KResearch projects the number of foreign
tourists coming to Thailand may reach 25.5 million, or
around 64 percent of the 2019 level
Meanwhile, domestic travel is expected to report steady
growth. Preliminarily KResearch projects Thais will
make around 155.0-160.0 million domestic trips in 2023
No. of Foreign Tourists and Domestic Trips
50.00 166.0 172.7
Tourism Revenue
200
(Bt bn)
3,500
150.8 158.0
2,947
2,994
3,000
40.00
150
38.20
30.00
90.6
39.92
100
20.00
53.0
25.5
11.14
Million Trips
2,500
1,876
1,912
997
2,000
1,757
1,500
,071
,082
793
352
633
1,000
50
10.00
6.70
0.42
500
319 474
1,070
687
254
98
364
0.00
0
0
2018
2019
2020
2021r
2022e
2023f
2018
2019
2020
2021r
2022e
2023f
No. of Foreign tourists (persons)
No. of Domestic trips
■Foreign Tourism Revenue
Domestic Tourism Revenue
Total Revenue
Note: As of January 2023
บริการทุกระดับประทับใจ
154
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