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Thailand targets 3%-3.5% growth in 2025



Thailand’s economy is forecast to grow 3%-3.5% in 2025, supported by stimulus measures, foreign investment, and a projected 39 million foreign tourist arrivals, up from 35.5 million in 2024. Investment applications are expected to reach THB1tr (USD29.7bn). The government’s USD14bn handout scheme entered its second phase, distributing THB30bn to thee million recipients, contributing 0.1 percentage points to GDP growth. Annual growth for 2024 was estimated at 2.6%-2.7%, with 3.5% growth in the final quarter. A central bank board chairman candidate will be proposed by February 7, amid concerns over potential government influence on the institution’s independence. Exports, another key driver, are expected to exceed the 2%-3% growth forecast, bolstering Southeast Asia’s second-largest economy.


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