The Wholesale, Retail Trade, Restaurants, and Hotels sector in Thailand contributed 20.54 units to GDP in 2023. Over the past decade, there has been a notable upward trend, increasing from 17.6 units in 2013 to 20.54 units in 2023. The year-on-year percentage growth for the last two years reveals steady increases: 0.61% from 2022 to 2023 and 0.53% from 2021 to 2022. The Compound Annual Growth Rate (CAGR) over the past five years is 0.39%, indicating a modest but consistent expansion.
Future trends to watch for include potential impacts of digital transformation in retail and hospitality, shifts in consumer behavior due to economic factors, and the influence of tourism recovery post-pandemic on the sector's growth.
