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Thailand's economy on the rise: jump-start for sustainable growth!
Thailand promotes economic growth through targeted measures: forecasts, investments and challenges in 2025 in focus.
Thailand's economy on the rise: jump-start for sustainable growth!
The Thai government faces a challenging economic landscape, Prime Minister Srettha Thavisin admitted in a recent press conference. Saying that “economic growth is slower than expected,” he has announced a series of targeted measures to not only provide short-term stimulus but also lay a solid foundation for the future. The “Quick Big Win” policy focuses on measures that promise sustainable and inclusive results, as Nation Thailand reports.
One bright spot appears to be the Ministry of Finance's increase in growth forecast from 2.2% to 2.4% for 2025. This should also be supported by the remarkable increase in exports of 19% in September 2025. Despite ongoing challenges, the country's macroeconomic foundation remains strong, with low inflation and public debt at around 64.6% of GDP - below the legal limit.
Economic challenges and forecasts
However, the World Bank has made a drastic revision to the growth forecast and estimates that Thailand's GDP will grow by only 1.8% in 2025, a reduction of 1.1 percentage points. The reasons for this correction are manifold: uncertainties in trade policy and political instability are causing domestic and international investors to hesitate. These concerns have been heightened by the suspension of Prime Minister Paetongtarn Shinawatra, which is seen as a serious obstacle to economic stability, as Der-kompass reports.
The rather lively discussion about the economic outlook is also added by the assessments of other institutions, such as the Economic Intelligence Center of the Siam Commercial Bank and the University of the Thai Chamber of Commerce. Both cut their forecasts to 1.5% and 1.7% respectively, citing similar risks.
Tourism as a growth engine
Despite this serious situation, the tourism sector remains a potential growth engine. Tourism is forecast to return to pre-pandemic levels in 2025, with 40 million tourists compared to 35.3 million in 2024. This recovery could be supported by fiscal stimulus measures, such as the Digital Wallet program, which is also intended to boost private consumption, complemented by World Bank.
The poverty rate is expected to fall to 8.2% in 2024, indicating economic recovery. Still, deeper collaboration between the public and private sectors may be needed to keep the country on a sustainable growth trajectory. The Thai government has recognized this and is planning, among other things, partnerships with countries such as Singapore to increase competitiveness.
The course for the future is set by measures such as strengthening supply chains and investments in innovative technologies and services. The Thailand Board of Investment has already received over 2,600 investment support applications with a total value of more than 1.37 trillion baht (US$41.4 billion), underscoring the continued willingness to invest.
During this uncertain time, the Prime Minister calls for Thailand to be seen as a high-potential, stable market and invites investors and the international community to explore and take advantage of the opportunities in the Kingdom. A clear message that despite the challenges, there are still opportunities to be seized.