Thailand's Economic Growth Prospects for 2025
Tourism and Exports to Drive GDP Amidst Challenges
The economic outlook for Thailand's Paetongtarn Shinawatra government, now three months into its term, is set to be shaped by new stimulus proposals.
The National Economic and Social Development Council (NESDC) forecasts a GDP growth rate between 2.3% and 3.3% for 2025, averaging at 2.8%.
Key economic drivers include tourism and exports.
The tourism industry aims for 40 million foreign visitors in 2025, suggesting a major boost to GDP, while other sectors might stagnate.
Hotel industry leader Thienprasit Chaiyapatranun and EconThai advocate increased investments in infrastructure and technology to enhance economic growth.
However, rising household debt poses a significant domestic challenge.
The potential impact of US economic policies under new leadership, particularly tariffs, could affect Thai exports, necessitating careful navigation of international trade relations.
Despite these challenges, the Thai Chamber of Commerce and other economic stakeholders remain optimistic about achieving robust growth through strategic planning and government initiatives.
The National Economic and Social Development Council (NESDC) forecasts a GDP growth rate between 2.3% and 3.3% for 2025, averaging at 2.8%.
Key economic drivers include tourism and exports.
The tourism industry aims for 40 million foreign visitors in 2025, suggesting a major boost to GDP, while other sectors might stagnate.
Hotel industry leader Thienprasit Chaiyapatranun and EconThai advocate increased investments in infrastructure and technology to enhance economic growth.
However, rising household debt poses a significant domestic challenge.
The potential impact of US economic policies under new leadership, particularly tariffs, could affect Thai exports, necessitating careful navigation of international trade relations.
Despite these challenges, the Thai Chamber of Commerce and other economic stakeholders remain optimistic about achieving robust growth through strategic planning and government initiatives.
