Income generated by Thailand's tourism sector to be measured in greater detail
By Jon Fernquest
In
2009 tourism made a 7.91% contribution to Thailand's
economy as measured by Gross
Domestic Product (GDP)GDP growth in Thailand's tourism sector has some special benefits, spending in this sector: 1. spreads income over more workers, and 2. also allows the more impoverished regions of Thailand to derive benefits from economic growth (See article).
Tourism income generated in Thailand's southern region at 182.2 billion baht far surpassed the next best (the East with Pattaya at 72.78 billion) due to the presence of tourism centers Phuket and Koh Samui.
Today's article begins after the vocabulary.
Photo on right of tourist drinking beer and sunbathing on the beach.
Gross Domestic Product (GDP) -
a measure of economic activity in a country, the value of the country's
output of goods and services. GDP is defined roughly as: GDP =
Household Consumption + Business Investment + Change in
Inventories + (Government Spending - Taxes) +
(Exports - Imports) (See Economist
Glossary)
sector - a part of the economy (public sector = government, private sector = all businesses, household sector = families and consumers, banking sector,...) ภาคเศรษฐกิจของประเทศ (See Wikipedia)
contribution - something done to help achieve something or make it successful ผลงาน,การช่วยเหลือ
impoverished - very poor
derive benefits - get benefits
X surpassed Y - X went beyond or did better than Y
sunbathing - letting the sun hit your skin for long periods of time in order to make your skin darker (See Wikipedia on sun tanning)
sector - a part of the economy (public sector = government, private sector = all businesses, household sector = families and consumers, banking sector,...) ภาคเศรษฐกิจของประเทศ (See Wikipedia)
contribution - something done to help achieve something or make it successful ผลงาน,การช่วยเหลือ
impoverished - very poor
derive benefits - get benefits
X surpassed Y - X went beyond or did better than Y
sunbathing - letting the sun hit your skin for long periods of time in order to make your skin darker (See Wikipedia on sun tanning)
Economics
TOURISM
New gauge better reflects industry's contribution
27/08/2010Chatrudee Theparat
A new tourism gross domestic product index has been prepared to better reflect the industry's large contribution from goods and services in the overall economy.
The tourism sector plays a vital role in the country's economy, but the industry for years has been without a compilation of national tourism income," said Thanittha Maneechote, deputy permanent secretary of the Tourism and Sports Ministry.
gauge
of Y - something that can used to measure
Y
reflect - to show สะท้อน แสดงถึง
domestic - within the country ภายในประเทศ
vital - extremely important; necessary for the success or continued existence of something จำเป็นสำหรับชีวิต; สำคัญมาก
role - purpose or function in a particular situation บทบาท
compilation (noun) - information brought together from many different places into one book, list, article, etc
income - money that people receive from work or some other source, used for household consumption and savings
national tourism income - all the money that people in a country receive from running tourism businesses
deputy - a person who is given the power to do something instead of another person, or the person whose rank is immediately below that of the leader of an organisation รอง, ตัวแทน,ผู้รักษาการแทน
permanent - happening for all time in the future ถาวร
reflect - to show สะท้อน แสดงถึง
domestic - within the country ภายในประเทศ
vital - extremely important; necessary for the success or continued existence of something จำเป็นสำหรับชีวิต; สำคัญมาก
role - purpose or function in a particular situation บทบาท
compilation (noun) - information brought together from many different places into one book, list, article, etc
income - money that people receive from work or some other source, used for household consumption and savings
national tourism income - all the money that people in a country receive from running tourism businesses
deputy - a person who is given the power to do something instead of another person, or the person whose rank is immediately below that of the leader of an organisation รอง, ตัวแทน,ผู้รักษาการแทน
permanent - happening for all time in the future ถาวร
The National Economic and Social Development Board has compiled national income data for 16 sectors including agriculture, forestry, fisheries, industry and transport. It also includes hotels and restaurants as well as services. However, the tourism sector covers a broader scope of activities from hotels and restaurants to shopping, retail sales, transport and health services.
Tourism GDP generally measures the total market value of goods and services that are consumed by visitors, minus the cost of the inputs used in producing those goods and services.
The NESDB's tourism income study also covers food expenses for lodging, food and drink, guide services, entertainment, shopping, gifts and transport.
NESDB
(National Economic and Social Development Board or "Sa-pa-pat") - Thai
government planning agency for economic development, creates five year
plans with an agenda of: 1. Alleviation of Poverty and Income
Distribution problems, 2. Enhancing Thailand’s Competitiveness, 3.
Promoting Social Capital Development, 4. Promoting Sustainable
Development (See Wikipedia)
compile (verb) - to bring together information from many different places (for example: to create a book, list, article)
data - facts or information used for making calculations or decisions ข้อมูล
fisheries - fish farms, places to raise fishes
transport - moving people or things from one place to another ขนส่ง
scope of Y - the things dealt with by Y, how many things are dealt with by Y
scope of activities - what things (issues, tasks) a set of activities deals with
broader scope of activities - when a set of activities deals with more things (issues, tasks)
retail - to sell directly to the public for their own use ขายปลีก
compile (verb) - to bring together information from many different places (for example: to create a book, list, article)
data - facts or information used for making calculations or decisions ข้อมูล
fisheries - fish farms, places to raise fishes
transport - moving people or things from one place to another ขนส่ง
scope of Y - the things dealt with by Y, how many things are dealt with by Y
scope of activities - what things (issues, tasks) a set of activities deals with
broader scope of activities - when a set of activities deals with more things (issues, tasks)
retail - to sell directly to the public for their own use ขายปลีก
In 2009, tourism income both from foreign visitors and domestic travellers contributed 7.91%, equivalent to 715.98 billion baht of a gross domestic product worth a total of total 9.05 trillion.
When all factors are included, tourism income averaged 11,270.91 baht per head.
The southern region led the table with tourism income of 182.2 billion baht, reflecting large contributions from the islands of Phuket and Samui. The figure was 72.78 billion baht for the East, 58.83 billion for the North, 28.29 billion for the West, and 27.21 billion for the northeastern provinces.
The Central region excluding Bangkok generated the lowest income worth only 15.18 billion baht. Based on national income per head, the South again led with per capita income of 20,673.04 baht, followed by 15,969.63 baht in the East, 7,140 baht in the West, 4,998.83 in the North, 2,021.34 baht in the Central region and only 1,265.97 baht in the Northeast.
Based on provinces, Bangkok ranked first, generating 331.45 billion baht, followed by Phuket at 94 billion, Chon Buri at 47.82 billion, Chiang Mai at 32.6 billion and Krabi 20 billion baht.
foreign visitors -
people from countries outside Thailand who come to Thailand (for
tourism, business, to visit family, etc)
domestic travellers - Thai people who travel within their own country (for tourism, business, to visit family, etc)
equivalent - the same as เท่าเทียมกันกับ
factor - one of the things that effects a situation or event ปัจจัย
per head - per person, for each person
led the table - was first among all the items in the table (being measured)
contributions - something that you do or give to help make something successful การช่วยเหลือ
figure - an amount of money จำนวนเงิน
generated - created
domestic travellers - Thai people who travel within their own country (for tourism, business, to visit family, etc)
equivalent - the same as เท่าเทียมกันกับ
factor - one of the things that effects a situation or event ปัจจัย
per head - per person, for each person
led the table - was first among all the items in the table (being measured)
contributions - something that you do or give to help make something successful การช่วยเหลือ
figure - an amount of money จำนวนเงิน
generated - created
(Source: TOURISM, New gauge better reflects industry's contribution, 27/08/2010, Chatrudee Theparat, link)
