Thailand welcomed 3.02 million foreign visitors in November, while the country’s public debt per GDP stood at 41.7% at the end of October.
According to the latest report, the overall Thai economy has been growing at a consistent rate especially in terms of demand for products. Exports, production, and government and private spending have all seen positive signs during this past year.
In terms of tourism, Thailand was visited by 3.02 million foreign tourists in November, accounting for a 23.2% increase year-on-year. Most tourists were from China, South Korea, Russia, Laos, Cambodia, and India.
Thailand’s debt-to-GDP ratio was recorded at 41.7% at the end of October, which is within the Ministry of Finance’s sustainability framework.
In the meantime, the Federation of Thai Industries and the Thai Chamber of Commerce have predicted that the economic confidence index will be high during the first 6 months of 2018 due to a steady growth in hospitality and the industrial sector.