Thailand recorded three thousand nine hundred and twenty‑one business closures between January and April 2025, an increase of eight point three percent year‑on‑year, according to the Department of Business Development.

The total registered capital of those shuttered firms reached approximately fifteen point nine billion baht.

New business registrations in the same period reached thirty thousand one hundred and forty‑eight, representing a decline of four point four percent compared with the first four months of 2024.

The sectors most affected by closures included general construction (three hundred and seventy‑two closures, with registered capital of six hundred and fifty‑two million baht), real estate (one hundred and eighty‑four closures, nine hundred and twelve million baht), and restaurants and eateries (one hundred and fifty‑nine closures, three hundred and ninety‑one million baht).

Kasikorn Research Centre reported that Thai factories have continued to close at a rate exceeding one hundred per month for the second consecutive year, with net new factory openings averaging fifty‑two per month in 2023–2024, down from one hundred and twenty‑seven in 2021–2022.

Industries bearing the heaviest burden include furniture, electronics, garments, automotive and steel.

Factors cited in official data and industry analysis include weaker consumer spending linked to high household debt, global economic uncertainty and disruptive trade policy shifts.

The high closure rate across small and medium enterprises has prompted concern among policymakers during ongoing debates over public sector budgets.