Why is the entire world investing in Thailand?

Why did the US recognize Thailand as "the happiest economy globally"? Is it true that Deutsche Bank considers the Thai currency more potent than the euro? Why are investors buying apartments in Phuket on floors? Read about these and other questions about investing in Thailand in our article.

There are many myths about Thailand. For example, this impoverished country survives only on tourists, fruits, and the nightlife industry. It turns out that this has not been the case for a long time. LLet'sfigure it out.

Thailand's economy is the second fastest-growing in Southeast Asia, after Indonesia. It shows stable growth—the annual increase in GDP over the past few years by 3...7% per year. The primary industries are industry, agriculture, and tourism. According to various statistics, tourism brings the country only 2...5% of its annual income.

Thailand is the world's leading exporter of rice and rubber. Second place after China in the production of computer components. And third in Asia in car production.

The American leading analytical company Bloomberg annually evaluates the economies of all world countries. According to her, since 2016, Thailand has been ahead of Singapore and tops the TOP-5 happiest economies in the world. It means that the Kingdom of Thailand has the lowest inflation of 0.71% and the lowest unemployment rate of 2.09%. Only 10% of the population lives below the poverty line.

Low inflation attracts investors to the country who buy apartments in complexes managed by hotel chains, earn about 10% per annum on rent, and this money does not depreciate. For example, Thailand's inflation in 2019 was only 0.71%. In addition, the Thai baht, compared to the dollar, has grown by 25% over the past 15 years, and the dollar is one of the most stable world currencies.

"Thai baht is more stable than the euro," Deutsche Bank

In September 2018, the Main German Bank published a report on the most stable currencies in the world. The most stable coins in the world have risen in price against the US dollar over the past 15 years.

The TOP-5 included:

• Czech koruna (CZK)
• South Korean won (KRW)
• Thai baht (THB)
• US dollar (USD)
• Swiss franc (CHF)

The self-criticism of the German bank put the euro only in 9th place in the rating. By the way, the currencies of the CIS countries on this list are far from the palm tree of leadership ... Let's not talk about sad things!

It turns out interesting: while many people invest their hard-earned money in Europe and America, Europe and America invest in Thailand.

"Phuket in 6th place in the TOP resorts," TripAdvisor

Now let's talk about tourism. In 2018, 38 million tourists visited Thailand, and 10 million chose Phuket. No wonder the travel portal TripAdvisor in 2019 put Phuket in 6th place among the best resorts in the world. Previously, he was at 11th. But the main thing is not quantity, but quality! According to the Thai Ministry of Tourism, every tourist in Phuket spends an average of $250 per day. It gives the tiny island of Phuket $2.5 billion a year. And the lion's share of this amount goes to the owners of real estate and hotels, among which we may be.

"For over ten years, housing has become more expensive by 4-5% per year," Bank of Thailand.

According to the Central Bank of Thailand, the real estate value in 2018 increased by 6%, and the total increase in value over the past ten years was 48%.

These facts indicate Thailand is no longer a third-world country but a state with a flourishing economy. That is why investors worldwide buy real estate now floors and receive 7-15% per annum.

Remember, you should not spend money; money should be invested!