Thailand has revised upward its economic growth forecast for 2026, citing stronger-than-expected tourism revenues, improved export performance and steady domestic consumption.

Officials said updated projections reflect sustained recovery in the services sector, particularly hospitality and aviation, as international arrivals continue to exceed earlier estimates.

Manufacturing exports have also shown resilience despite uneven global demand, supported by diversified supply chains and competitive regional positioning.

The finance ministry indicated that infrastructure spending and targeted stimulus measures have contributed to business confidence.

Public investment in transport links, digital systems and industrial zones is expected to provide additional support through the coming year.

Private consumption has remained a key driver, buoyed by labour market stability and gradual income growth.

Authorities noted that inflationary pressures have moderated compared with previous years, creating a more predictable environment for households and businesses.

The revised outlook also factors in steady foreign direct investment flows, particularly in high-value manufacturing and technology sectors.

Policymakers said continued integration within regional trade frameworks and efforts to attract innovation-focused industries are reinforcing Thailand’s medium-term growth trajectory.

While global economic uncertainties persist, including fluctuating commodity prices and shifting trade policies, Thai officials expressed confidence that the country’s diversified economic base and proactive fiscal management position it to navigate external volatility.

The updated forecast signals renewed optimism within Southeast Asia’s second-largest economy, with authorities emphasising a balanced approach that combines fiscal prudence with strategic investment in long-term competitiveness.