ARTICLE · 11 JULY 2024

Foreign Direct Investment In Thailand

Luther Luxembourg S.A.

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Thailand has demonstrated a significant trajectory of economic development over recent decades, with foreign direct investment (ʺFDIʺ) being an important contributor to this success.

ThailandGovernment, Public Sector

Lukas Baumgärtner

I. INTRODUCTION

Thailand has demonstrated a significant trajectory of economic development over recent decades, with foreign direct investment (ʺFDIʺ) being an important contributor to this success. FDI inflows stood at USD 10 billion in 2022, down by 31.5% compared to the USD 14.6 billion recorded one year earlier but still above the three-year average before COVID¹.

In the same period, the stock of FDI reached USD 306.1 billion, around 57.1% of the country's GDP. As per the Thailand Board of Investment (ʺBOIʺ) figures, applications for investment promotion in 2023 reached a five-year high of USD 24 billion in combined value, an increase of 43% from the previous year's number.

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