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18.01.2024 13:40

Thailand's economy in 2024

Thailand's economy in 2024

Thailand attracts foreign investment due to its dynamic economy, strong tourism industry, and strategic location. Its real estate market remains stable and poised for growth in 2024, despite global economic uncertainty.

The World Bank forecasts Thailand's economic growth to be 3.2% in 2024, supported by a recovery in tourism, rising exports and robust private consumption. Inflation, expected to slow to 1.1%, will keep the Thai baht stable. The retail and tourism sectors will continue to recover, with 35 million foreign tourist arrivals expected in 2024.

Thailand's industrial sector will also grow thanks to investments in infrastructure construction, including the development of an electric vehicle industry with Japanese investment. In the real estate sector, rising tourist numbers, a growing middle class and the arrival of foreign investors will stimulate demand for residential and commercial properties.