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Economy

Thailand GDP expands 4.5% in Q3, buoyed by tourism

Private spending also helps economy mimic pre-COVID era but inflation weighs

The growing number of foreign tourists making their way through Suvarnabhumi, Thailand's main airport, near Bangkok, has become something of an economic barometer.    © Getty Images

BANGKOK -- A reinvigorated tourism sector not only helped Thailand's gross domestic product to a year-on-year 4.5% expansion for the third quarter but also gave a big boost to personal consumption, the National Economic and Social Development Council (NESDC) announced on Monday.

The economic lift came despite inflation taking a toll.

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