Thailand PESTLE Insights - A Macroeconomic Outlook Report

Thailand PESTLE Insights - A Macroeconomic Outlook Report

Summary

Mining, manufacturing, and utilities activities contributed 32.5% to the gross value added (GVA) in 2022, followed by wholesale, retail, and hotel activities (19.9%), and financial intermediation, real estate, and business activities (13.8%). In nominal terms, the three sectors are expected to grow by 3.1%, 3.3%, and 3.3%, respectively, in 2023.

Bangkok metropolitan region accounted for 30.3% of Thailand’s gross domestic product and 15.3% of the country’s population in 2022, according to GlobalData cities database.

Key Highlights

The SET Index exhibited a downward trend over the past year. As of October 4, 2023, the index stood at 1,448.5, compared to 1,578.0 on October 4, 2022.

Scope

• The Cabinet approved a THB337.8 billion ($9.6 billion) infrastructure plan for the Eastern Special Development Zone (2023-2027). The program targets upgrading 77 transport network projects through promotional measures and advanced technologies.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.