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18 Aug 2025

Thai Economy

Thai economy expanded by 2.8% in 2Q25 as expected; KResearch maintains Thailand’s 2025 GDP growth forecast at 1.5% (Business Brief No.4186 Full Ed.)

คะแนนเฉลี่ย
  • Thailand’s economy grew at a slower pace of 2.8 percent YoY in the second quarter of 2025, in line with KResearch’s earlier projection. The uptick was driven by accelerated exports and higher agricultural output, while the tourism sector and private consumption slowed.
  • KResearch maintains its forecast for Thailand’s 2025 GDP growth at 1.5 percent, viewing that the economy is likely to see a significant slowdown in the second half of the year. This is due to weakening export momentum following front-loaded shipments during the first half, despite Thailand securing a more favorable US reciprocal tariff rate of 19 percent.
  • Additionally, the number of foreign tourist arrivals is expected to decline further in the third and fourth quarters this year, with the full-year figure estimated at 32.2 million visitors. Meanwhile, public investment and consumption are likely to slow during the third and fourth quarters due to delayed budget disbursement and diminishing low-base effect.
     

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Thai Economy

GDP