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If all expats left: Little impact on Thai economy

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21 minutes ago, rickudon said:

Wrong facts ..... I am talking about UDON THANI GDP, not the whole of Thailand. Udon Thani GDP is about 100 billion baht - 3% is 3 biilion, divide by 5000 = 600,000 baht per expat. Not unreasonable.

Ah.....OK! That makes much more sense.

 

EDIT TO ADD: that's actually supportive of the claim in the OP, if you extrapolate across all of Thailand, 3% of GDP. And 600k per expat is the midpoint between the single and married persons visa requirement, 400K and 800K.

Edited by saengd
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13 hours ago, saengd said:

You vastly overrate the significance of Western tourist spending to the Thai economy, whilst you were sleeping Asia became wealthy and guess what, those Asians are now spending more than ever before. And those poor Thai people, the ones that have no money, over 12 million of them will take overseas holidays this year, up from 4 million just ten years ago, rich resorts and taxi's will do just fine if we all leave.

The resorts that are filled with foreigners would not be fine. 

 

I don't even understand why you quoted me. I feel Thailand would be better off without foreigners. 

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On 1/23/2020 at 2:04 AM, BobbyL said:

Income tax would take a big hit from the number of expats earning decent salaries. 

 

As an example, the international school where I work in central Bangkok has around 100 expat teachers. I would guess that the average monthly tax paid by each teacher is approx 15,000THB. That is 1.5M a month income tax generated by just one international school in Bangkok. 

No it wouldn't and as a teacher you should know this. Thailand has 70,000 people.

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3 hours ago, Muzarella said:

I agree. Very few Western expats long time residents do investments in Thailand affecting Thai economy numbers or the job market....just the tourists, that in 2 weeks spends what most expats residents spend in 3 months. 

more like, a tourist spend per year in thailand what an expat spend per month,

so an expat spend 12 times as much in thailand compared to a tourist per annum, in fact a tourist is highly unlikely to spend 50k in their 2 weeks here per year, on an average

Edited by brokenbone

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8 hours ago, natway09 said:

The truth hurts ?

Some of the local expat bars would close, the working girls would work on the tourists more to get "money for Mum" the supermarkets would stock a bit less "farang food"

& Thailand would still end the year with a good current account surplus.

I would be miserable back home in the cold

I am surprised hoe many good posts there are in here. I really thought this was going to turn into a bandwagon "Thailand would crash and burn without us".

 

Good for you folks. Many of you know what you are talking about.

 

Now the question becomes, why do so many expats feel the red carpet should be laid out for them?

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On 1/23/2020 at 4:37 AM, DannyCarlton said:

Even given the dubious facts you have quoted, they don't support the conclusion you have drawn.

 

Indeed. How many retirees have extended family coming over to see 'grandpa' every year. 

 

 

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The total expat community in Thailand is about 0.5% of the annual tourist arrivals.

 

The average retiree spends in a month les than half of what any tourist will spend in 1 week. Going from the posts of the skint people on this forum even less.

 

Sure they gonna miss you all.............like a toothache.

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24 minutes ago, Susco said:

The total expat community in Thailand is about 0.5% of the annual tourist arrivals.

 

The average retiree spends in a month les than half of what any tourist will spend in 1 week. Going from the posts of the skint people on this forum even less.

So, you've found some verifiable statistics about this? I couldn't! It's great that you have! It's something I've been very curious about and would like to read all of the source material from where that information has come. Can you please provide a link to the source, assuming it's not just more of the fabricated "facts" we see SO often here at TVF.  

 

Edited by Inn Between
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6 minutes ago, Inn Between said:

So, you've found some verifiable statistics about this? I couldn't! It's great that you have! It's something I've been very curious about and would like to read all of the source material from where that information has come. Can you please provide a link to the source, assuming it's not just more of the fabricated "facts" we see SO often here at TVF.  

 

If you could be bothered you could try the links in the OP to get a figure of total expats, and it probably has declined since as I see every day posts here from people who can no longer afford to stay in Thailand, and there are plenty of sources available about the tourist arrivals each year. Google is your friend.

 

Of course you gonna claim that all those statistics are fake, but never mind .

 

If you then can manage how to use a calculator you will definitely find out that 200.000 is 0.5% of 40 million.

 

Then start reading posts on this forum about members that can no longer afford to have 400 / 800K in the bank for their visa extensions, and you gonna have an idea about how much they spend.

 

It is no rocket science to know that a tourist easily spend 3 - 5000 Baht a day including hotel and other travel costs, otherwise they are called bag packers.

 

But of course you also gonna deny that.

 

Then if you know that the average retirement pension in the UK, or most other European countries, is about 40K Baht per month, then you can calculate by yourself how much they can spend.

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5 hours ago, Thaidream said:

It is my hope that eventually Thailand will realize that foreigners are not bad people; actually love their adopted country and are willing to contribute ideas and labor to make the country move forward/ Somebody needs to star listening and accept the facts that foreign ideas just  might work.

 

However, the bottom line is that the Thai people have to decide what direction they want for their country. If they continue to refuse to listen to others that may  want to help- they deserve the country that  will result. I hope they make the right choice.

 

 

What's to say the resulting country isn't exactly what they want? Expats came here because they liked it. Then they want all the nice things about 'home' and still at a quarter of the price.

 

Personally I find the most cringeworthy thing that expats say is 'what they should do....'

 

Why do you think Thailand isn't moving forward? And at exactly the pace that it wants to?

 

The 'we know better' arrogance is staggering. Nobody asked you to adopt the country and you weren't signed up. Know your place.

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3 hours ago, Traubert said:

What's to say the resulting country isn't exactly what they want? Expats came here because they liked it. Then they want all the nice things about 'home' and still at a quarter of the price.

 

Personally I find the most cringeworthy thing that expats say is 'what they should do....'

 

Why do you think Thailand isn't moving forward? And at exactly the pace that it wants to?

 

The 'we know better' arrogance is staggering. Nobody asked you to adopt the country and you weren't signed up. Know your place.

I know my [lace quite well having arrived in 1971 and  watched a variety of decisions made by bureauacrats that have caused Thailand to regress .

 

How do I know that the Thai people don't like what theyhave?- I ask them in their own language and they tell me quite explicitly that the same things expats complain about- they also complain about.

 

There is no arrogance on my part-I never tell locals how to run their lives and if they ask me- I will give them my impressions of what could be.

 

The real arrogance is a country- any country- that reffuses to seize opportunities to make a better life for its people.  Refusal to listen to others who may have a new idea or plan and waving a hand dismissing  innovation  is the ultimate arrogance.

 

In any free society- both citizens and  immigrants have a right to express opinions. And in any free society- immigrants should be treated fairly and equally.

 

 

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5 hours ago, Susco said:

If you could be bothered you could try the links in the OP to get a figure of total expats, and it probably has declined since as I see every day posts here from people who can no longer afford to stay in Thailand, and there are plenty of sources available about the tourist arrivals each year. Google is your friend.

 

Of course you gonna claim that all those statistics are fake, but never mind .

 

If you then can manage how to use a calculator you will definitely find out that 200.000 is 0.5% of 40 million.

 

Then start reading posts on this forum about members that can no longer afford to have 400 / 800K in the bank for their visa extensions, and you gonna have an idea about how much they spend.

 

It is no rocket science to know that a tourist easily spend 3 - 5000 Baht a day including hotel and other travel costs, otherwise they are called bag packers.

 

But of course you also gonna deny that.

 

Then if you know that the average retirement pension in the UK, or most other European countries, is about 40K Baht per month, then you can calculate by yourself how much they can spend.

Look at the problem in a different way, using approximate 2017 figures:

 

Average tourist spend is THB 6,390 per day

Length of average stay is 9.5 days

Ergo, one tourist is worth THB 60,705 per year

 

One average retiree is required to keep between THB 400,000 and 800,000 baht in the bank and usually spends this, so:

Average retiree spends THB 400,000 and 800,000 per year

 

Next....!

 

 

http://www.thaiwebsites.com/tourism-income-Thailand.asp

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11 hours ago, Muzarella said:

I agree. Very few Western expats long time residents do investments in Thailand affecting Thai economy numbers or the job market....just the tourists, that in 2 weeks spends what most expats residents spend in 3 months. 

Read post 241

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12 hours ago, Yinn said:

Have Thais and Chinese. 

 

Most is Thai-Chinese owner. (I think).

Thai-Chinese people a lot in Phuket/Phangnga/Ranong. Do a lot of successful business. 

3-4 generation ago. Is complicated.

 

https://en.m.wikipedia.org/wiki/Thai_Chinese

They also run the country. Taksin, Prayut and just about everyone in government.

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