The APEC Region
THE HOST ECONOMY
Thailand is Southeast Asia’s second-largest economy with a nominal gross domestic product of around USD 500 billion. With a free-market economy, the Kingdom has a strong domestic market and a growing middle class, with the private sector being the main engine of growth.
The Thai economy is well integrated into the global marketplace, with exports accounting for over 70% of the Kingdom’s GDP. Thailand also has a strong industrial sector (40% of GDP) and a robust and growing services sector (50% of GDP) centered on the tourism and financial services industries.
The friendly and warm attitude of the Thai people make the Kingdom an ideal and welcome destination for Asia Pacific’s biggest business meeting.
THE SUMMIT VENUE
Bangkok, officially known in Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand.
The city occupies 1,568.7 square kilometers (605.7 sq mi) in the Chao Phraya River delta in central Thailand and has an estimated population of 10.539 million as of 2020, 15.3% of the country’s population.
Suvarnabhumi International Airport, one of two airports serving the Bangkok metropolitan area, is the main hub and international gateway to the world.