From 2013 to 2019, Thailand's insurance and financial services exports showed a fluctuating trend with a general decline. The period from 2020 to 2021 saw a remarkable spike with substantial year-on-year growth, especially in 2020. However, in 2022, the exports shrank sharply, followed by stabilization in 2023. As of 2023, the exports stood at a value of 2.5, representing no change compared to the previous year.
Forecasts from 2024 to 2028 indicate a consistent value of 2.5. Over the past five years, excluding the forecasts, the Compound Annual Growth Rate (CAGR) has been highly positive.
Future trends to watch for:
- Monitoring further stabilization or possible growth due to fluctuating global economic conditions.
- Effect of regulatory changes and economic policies on financial service sectors.
- Impact of digital transformation and technological advancements on exports.
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