Thailand’s GDP growth is projected at 2% for 2025, driven by private consumption and exports. Risks include high household debt, weaker global demand, and slower tourism recovery.
GDP Growth Projections for Thailand
The National Economic and Social Development Council (NESDC) forecasts Thailand’s GDP growth for 2025 at 2%, following a third-quarter contraction to 1.2%. Key growth factors include private consumption and exports, though government investment and public sector spending have seen declines.
For 2026, GDP growth is anticipated between 1.2% and 2.2%, bolstered by private sector activity and a rebound in tourism, with tourist arrivals projected to reach 35 million. However, export growth will likely remain modest.
Several challenges influence these projections. Slowing domestic demand and high household debt, alongside weaker external conditions due to US tariffs, pose risks. Continued government spending, including initiatives like the Digital Wallet program, aims to support consumption and aid the tourism sector’s recovery.
Source : Thailand’s GDP is projected to grow by a modest 2% this year, according to NESDC estimates