ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Thai GDP grew 2.6% in 2022 as slow exports outweighed tourism gain

Slumping trade behind country's tepid October-December 1.4% rise

Tourists at Bangkok's Suvarnabhumi Airport in Bangkok on Jan. 4. The recovery in tourism has helped the Thai economy but exports remain in a slump.   © Reuters

BANGKOK -- The Thai economy expanded 2.6% in 2022, undershooting expectations that were already modest as a strong recovery in tourism and domestic consumption failed to offset slumping exports.

Gross domestic product rose in 2022 from the previous year, when the economy grew only 1.5%. Consumption increased 6.3% in the year even as core inflation rose 6.1%. Private investment also ticked up 5.1% and lifted GDP in 2022.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more