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

Thai economy grew 1.6% in 2021 despite COVID-19 headwind

Strong export demand helped rally but failed to make up for big dip in 2020

Containers are processed at the port of Bangkok. The Thai economy expanded in 2021 after a contraction the previous year as a result of the COVID-19 pandemic.   © Reuters

BANGKOK -- Thailand's economy expanded 1.6% in 2021, as a strong recovery in exports helped Southeast Asia's second-largest economy.

The turnaround followed a 6.2% contraction recorded in 2020 as a result of the COVID-19 pandemic, but it was too small to bring the economy back to 2019 levels.

Sponsored Content

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

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