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Thai sex industry now worth 260 billion baht, say Thai media

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Thai sex industry now worth 260 billion baht, say Thai media

 

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Picture: Sanook Money

 

Thai media has claimed that the country's sex industry is probably worth 260 billion baht.

 

Sanook Money were speculating about the country's infamous sex businesses after the raid on the Victoria Secret massage parlor in Bangkok became the latest news to put the issue of pay for sex in the public spotlight.

 

Sanook went back ten years to 2007 when famous ex soapy massage boss Chuwit Kamolvisit came up with figures for the number of sex workers, average wages for sex workers and percentage of GDP (Gross Domestic Product) garnered by the sex industry.

 

Chuwit, who ran for political office before being jailed for corruption, later became a well-known TV host.

 

He reckoned that the sex industry was worth 163 billion in 2007. Top of the tree for earning were Thai style traditional massage parlors, followed by beer bars, soapy massage, karaoke and other brothels.

 

It was reckoned that the industry represented 2% of GDP.

 

With GDP now at 13 trillion baht it could mean that the sex industry today is worth a staggering 260 billion baht, said Sanook.

 

Source: Sanook Money

 
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-- © Copyright Thai Visa News 2018-01-16

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They go from billion to million and then back to billion again in the article. 

 

It is certainly worth more than what the industry generate in income annually. From the title I thought they were doing a IPO of love.

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BANGKOK 21 April 2018 04:50
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