Household consumption expenditure on communication in Thailand attained a value of $6,146 million in 2021. It recorded a growth of 1.24% in 2021 compared to the previous year. Between 2010-2021, the household consumption expenditure on communication in Thailand increased by 57.1%. The indicator in Thailand was highest in the year 2021 and lowest in the year 2010, between 2010 and 2021.
This indicator refers to household consumption expenditure on communication and includes expenditures incurred by resident households on communications, which includes telecommunications, postal and internet facilities, and services.
According to GlobalData, the countries with the highest household consumption expenditure on communication in 2020 were the United States, Germany, France, Canada, Italy, Spain, Mexico, Australia, Turkey and the Netherlands.
Montenegro, Malta, Mongolia, Luxembourg, Iceland, Bosnia and Herzegovina, Estonia, Cyprus, Latvia and Slovenia were some of the countries with the lowest household consumption expenditure on communication in 2020.
Between 2010 and 2020, Mongolia, Azerbaijan, Iceland, Ukraine, Lithuania, Thailand, Serbia, Malta, Bulgaria, and Romania were some of the countries with the highest growth in household consumption expenditure on communication. Portugal, Italy, Turkey, Greece, France, the Netherlands, Mexico, Norway, Australia, and Spain are the countries with the lowest growth in consumption expenditure.
Thailand’s median household income (PPP) hit $23,076 in 2021, an increase of 2.5% over the previous year. Between 2010 to 2021, Thailand’s median household income increased by 48.7%.
A fall in consumer and business confidence, along with an increase in precautionary savings, meant that household consumption expenditure fell by 7.7% and the GDP growth rate declined by 6.1% in 2020. The government has undertaken initiatives to boost consumer confidence and demand, which will eventually drive-up household expenditure growth in H2 2021. According to Global Data, household consumption is expected to grow by 4.7% in 2021.
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