Posted 2/19/2024, 2:39:00 AM
Thailand's 2023 Growth Slows to 1.9% on Weak Exports Despite Tourism Rebound
- Thailand's 2023 GDP growth was 1.9%, slowing from 2.5% in 2022 due to weak exports
- Q4 GDP grew 1.7% year-on-year, up from 1.5% in Q3, boosted by tourism and consumption
- 2024 growth forecast downgraded after weaker-than-expected Q4 figures
- Tourism recovery buoyed 2023 growth but weak exports still weighed on Thailand's economy
- GDP data released by Thailand's National Economic and Social Development Council on Feb 19
