Thailand’s economic development has been significantly aided by FDI, and the country is an important ASEAN destination for new investment, benefiting from an array of attractive incentives on offers, accommodative government policies, and a well-diversified economy, which boasts upper middle-income status as of 2011.
According to the United Nations Conference on Trade and Development (UNCTAD), Thailand has been among eight priority destinations for foreign investment since 2012.
UNCTAD reports that FDI inflows rose by 52.8% between 2012 and 2013 to hit $14.01bn, while the country’s total FDI stock rose by 3.3% and 11.8% in 2013 and 2014, respectively, to reach $199.31bn.