Phuket is the second most developed province in Thailand in terms of income. For the last twenty years Economy of Phuket has been largely contributed by the tourism of the island. Every year more than 3 million tourists come to Phuket for enjoying the charming natural beauties and tourist facilities in the island.
Since ages (16th century), Economy of Phuket has been greatly dependent on tin mining. Chinese workers and Chinese merchants were engaged in the mining works. During the 1980s with the decreasing requirement for tin and limitations put upon dragging tin for saving the coastal waters, the tin industry in Phuket faced significant decline with the drastic fall of prices. Economy of Phuket was also dependent on the rubber industry in the early years of the twentieth century as massive portions of rainforests were chopped down for making space for the rubber plantations. Horticulture and agriculture involving cashews, cacao, tapioca, coconuts, pineapple and rice, pearl farms, prawn farming and marine products also contribute to Phuket’s economy.
Tourism along with rubber plantation, contributes to a larger portion of Phuket’s economy. Tourism in Phuket has been flourishing since 1980 for its remarkable sandy beaches along the western shoreline of Phuket, these places being highly urbanized into famous tourist spots in Phuket, the Patong beach, the Kata beach and the Karon beach being some of the most exotic ones. Diving in Phuket has further increased the popularity of Phuket as a famous tourist destination. Tsunami had destroyed many of these interesting spots in 2004 but much work for restoration of these damages have been done and Phuket has been made one of the most fascinating places in Thailand attracting tourists from al parts of the world.
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