The Thai government and private sector are working in tandem to boost consumer spending, push through large-scale infrastructure projects and promote clusters of high value-added industries.
The government has worked hard to establish Thailand as a regional transport and logistics hub in recent years. As a result, airports are being expanded to handle growing traffic.
The economy’s ongoing transition away from agriculture is evident in its primary exports: high-tech industries now dominate the export-oriented manufacturing industries, led by the electronics and automotive segments.
Solid economic growth since 2000 has fuelled a steady rise in domestic income across all income levels over the past decade and a half, leading to a rise in consumer spending power.
Thailand currently has 82.8m mobile connections, with a smartphone penetration of 63.4%, higher than Indonesia’s 38.1% and Malaysia’s 61.4%.
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