EconomyThailand 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
APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer
November 21, 2022 11:34 JST
Updated on November 21, 2022 12:40 JST
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.