Thai Times

Covering the Thai Renaissance
Friday, Jul 11, 2025

Thailand's Economic Development and Social Advancement in 2025

Government Aims for 3.5% GDP Growth Alongside New Social Legislation
The Thai government has established an ambitious goal for economic growth in 2025, targeting a 3.5% rise in Gross Domestic Product (GDP), an increase from an estimated 2.7% in 2024. This forecast is bolstered by expected improvements in tourism, foreign investments, and government stimulus actions.

Deputy Finance Minister Julapun Amornvivat pointed out that there are plans to inject 150 billion baht (around $4.5 billion) into the economy via a cash handout scheme in the forthcoming quarter, distributing 10,000 baht (approximately $300) to around 45 million citizens.

Further initiatives include public housing projects for low-income residents and the enhancement of universal healthcare services.

The government is also proactively pursuing foreign investments in emerging sectors, particularly in semiconductors and printed circuit boards, in light of ongoing global trade challenges.

On the societal front, Thailand has passed the Marriage Equality Act, which took effect on January 23, 2025. This law legalizes same-sex marriage, providing LGBTQ+ couples with the same legal rights and protections as heterosexual pairs, including rights related to adoption and inheritance.

Thailand stands as the first nation in Southeast Asia to enact same-sex marriage laws, representing a significant achievement in the region.

In the realm of culture, the 'Pattaya International Kite on the Beach 2025' festival is set to occur from February 26 to March 2, showcasing 150 vibrant kites, including large cartoon designs and sporting kite exhibitions.

Additionally, the 'Starlit Suphan Buri Experience Nights' are scheduled for February 15 and 22, featuring camping experiences, expert-led astronomy sessions, and local music performances near Lam Ta Phern Reservoir.

These events are designed to enhance tourism and showcase the cultural richness of Thailand.

Overall, these advancements illustrate Thailand's dedication to promoting economic expansion, social equity, and cultural development as the country moves through 2025.
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