Just wondering, what particular area of trade generates the most income for the country.
Most people in the west would think of the tourist industry, however I am not sure that is true. Tourism is without doubt an important industry for Thailand, but I'm not sure that it generates the most income.
I am guessing agriculture, seefood or perhaps the export of gem's?
Thailand exports over $105 billion worth of products annually . Major exports include rice, textiles and footwear, fishery products, rubber, jewelry, automobiles, computers and electrical appliances. Thailand is the world’s no.1 exporter of rice, exporting 6.5 million tons of milled rice annually. Rice is the most important crop in the country. Thailand has the highest percent of arable land, 27.25%, of any nation in the Greater Mekong Subregion . About 55% of the available land area is used for rice production .
Substantial industries include electric appliances, components, computer parts and automobiles, while tourism contributes about 5% of the Thai economy's GDP. Long stay foreign residents also contribute heavily to GDP.
Prostitution – obviously.
Bark like a Donkey!
The income derived from prostitution is actually relatively small when compared to the rest of the enconomy.Originally Posted by mig
Not sure about these days, but Thailand (at the outbreak of bird flu) was the world's fourth largest exporter of chickens.
Excuse me for not taking this seriously .....
No!Originally Posted by chelsearentboy
.....Originally Posted by mig
According to a study by Chulalongkorn University, the annual income from prostitution is about 500 billion Bath, or about 10-14 per cent of the country’s GDP. About 12 billion Bath are send annually to rural families by women working in the sex sector. 95% of all Thai men at least one in their life purchased sex. 4.6 million Thai men regularly and about 500,000 tourists annually engage with Thai woman and children in prostitution - 65% of all tourist arrivals are unaccompanied males.
So som tam isn't that high on the list. I'm surprised.
Good OP, Unregistered.Originally Posted by Unregistered
I suppose google or some site will have this.
Originally Posted by barfomcgeeSo the income from prostitution, Thai men and foreigners (mostly men), is roughly the same as the income from the export of rice...According to a study by Chulalongkorn University, the annual income from prostitution is about 500 billion Bath, or about 10-14 per cent of the country’s GDP. About 12 billion Bath are send annually to rural families by women working in the sex sector...
"You may be a cunning linguist, but I am a master debater." - Austin Powers
I expect this was written by a long term foreign resident.Originally Posted by barfomcgee
You're obviously new to Thailand, cos ST in it's final form doesn't travel well, which makes it a poor choice for exporters! However, if you care to look at the export figures for papayas, an important ingredient in ST ... they might surprise you.Originally Posted by reg the wedge
Good ol' Stickman once estimated the number of long-term foreign residents to be around 300,000.Originally Posted by SageAndOnion
If each of them spends 400,000 baht per year, then this would add up to 120,000,000,000 (120 billion Thai baht, or roughly 3.3 billion US dollars)...
If the GDP is 5,000 billion baht, then 120 billion baht would be roughly 2.4% of GDP (?)
Would a mass exodus of expats damage Thailand's economy as a whole - no. But would a couple of local businesses in Pattaya, Phuket, Hua Hin and Chiang Mai (and some ol' trades) lose income - yes.
Last edited by AJ; 5th February 2007 at 13:39.
Sounds like a reasonable estimate.