Thai Times

Covering the Thai Renaissance
Wednesday, Jul 30, 2025

Thailand's GDP Growth Reaches 3.2% in Q4 2024

Thailand's GDP Growth Reaches 3.2% in Q4 2024

Economic indicators show positive growth trajectory as Thailand's economy expands in the last quarter of 2024.
Thailand's economy demonstrated resilience and growth potential with a reported GDP increase of 3.2% in the fourth quarter of 2024, following a period marked by various global economic challenges.

This growth is indicative of a broader recovery phase for the Southeast Asian nation amid fluctuating international markets and domestic developments.

The growth figures align with government efforts to stimulate the economy, which have included increased public spending, investments in infrastructure, and policies aimed at supporting key sectors such as tourism and agriculture.

Additionally, the resurgence of tourism, a critical component of Thailand's GDP, has been pivotal, as international travel restrictions eased, leading to a notable influx of visitors.

Reforms aimed at enhancing the business environment have also contributed, including measures to attract foreign investment and promote small and medium enterprises.

The manufacturing sector, which remains a vital part of the economy, showed considerable growth, bolstered by both domestic consumption and export demand.

Analysts have noted the importance of maintaining economic stability through prudent fiscal policies and addressing challenges such as inflation and labor market dynamics.

Furthermore, the Bank of Thailand has been actively monitoring financial conditions and adjusting monetary policy to support growth while ensuring price stability.

Economic indicators from various sectors portray a mixed but generally positive outlook, with industrial production and exports showing signs of recovery.

The agricultural sector, buoyed by favorable weather conditions and improvements in productivity, has complemented the overall economic performance.

As Thailand navigates its recovery path, attention will remain on global economic developments that may impact trade and investment flows, particularly in light of changing geopolitical conditions.

The government is expected to continue its strategy of fostering sustainable growth while addressing long-term challenges such as climate change and digital transformation across industries.
Newsletter

Related Articles

Tomorrowland confirms five-year run in Thailand from December 2026
0:00
0:00
Open
Tomorrowland confirms five-year run in Thailand from December 2026
0:00
0:00
Close
Tomorrowland confirms five-year run in Thailand from December 2026
Thailand and Cambodia agree to ceasefire following border clashes
Thai–Cambodian Relations: A 1,000-Year Saga of Rivalry and Alliance
China’s Demand for Imported Durians and Coconuts Drives Southeast Asian Exports
A man shot dead five people before committing suicide at the Or Tor Kor market in Chatuchak district of Bangkok
Hong Kong Reports 12% Surge in Tourist Arrivals in First Half of 2025
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
Thailand issues updated casualty and evacuation figures from Thai–Cambodian border clashes
Thailand and Cambodia prepare for ceasefire talks as clashes intensify
The British propaganda channel BBC News lies again.
Mr. Varawut Silpa-archa delivers his message boldly, clearly, and truthfully.
Trump: Leaders of Thailand and Cambodia agree to meet for ceasefire talks
Defense in action: Thailand has deployed Swedish-made Gripen fighter jets to bomb Cambodian military targets, in response to a Cambodian drone terror attack that killed 11 Thai citizens
Thai Acting Prime Minister Condemns Cambodian Military Action, Citing Civilian Deaths and Hospital Strikes
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Intel Reports Revenue Beats but Sees 81% Rise in Losses
Thai Press Organisations Urge Caution and Accuracy in Coverage of Border Conflict
RTA refutes Cambodian media claim of F-16 strike on civilians
Thailand files UN complaint alleging Cambodian aggression, new landmines and cross-border attacks
How the Cambodia-Thailand military clashes started (2)
How the Cambodia-Thailand military clashes started (1)
Grab Thailand Launches Teen-Focused Safety Features for Ride-Hailing Users Aged 13 to 19
Thailand Says Over 100,000 Civilians Flee as Fighting With Cambodia Escalates Along Disputed Border
Chinese Firms Urged to Integrate into ASEAN Supply Chains as US Tightens Tariffs on Transshipments
Thailand Sets 2.8 Trillion Baht Tourism Revenue Goal for 2026, Prioritising 'Value Over Volume'
Nok Air Targets Mid-2028 Exit from Rehabilitation with Debt Reduced Below 400 Million Baht
CAMBODIA VS THAILAND: AIR POWER? WHAT AIR POWER?
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Cambodia Fired First: A Minute‑by‑Minute Account From Thailand’s Frontline
Two Peaceful Buddhist Nations Now Trading Airstrikes Over the Hindu Preah Vihear Temple—A 1,100-Year-Old Shrine to Lord Shiva
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
Thailand Under Fire: Defending Sovereignty Against Cambodia’s Political Provocation
Two people have been killed in Thailand as fighting reignites along the border it shares with Cambodia
Six Thai F-16 fighter jets are being readied to respond in the Chong An Ma area of Ubon Ratchathani Province
Thailand Leverages Mobile Data to Boost Tourism Through 'Routes to Roots' Initiative
Cambodian forces initiated firefight near Ta Muen Temple in Phanom Dong Rak District, Surin Province
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
Thailand recalls ambassador to Cambodia amid border tensions
Gulf Development Acquires Full Ownership of Pak Lay Hydropower Project in Laos
New Landmine Blast Escalates Thailand–Cambodia Border Tensions
Thai Airways International Set to Resume Trading on Stock Exchange
Thai House Approves Weekly Retirement Lottery Bill
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
Thailand Regulator Greenlights Budget Mobile Plans Below 240 Baht
Two more landmines found along border disputed by Cambodia
Bank of Thailand Raises Concerns Over Proposed Financial Hub Amid Money Laundering Risks
×