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17 Feb 2025

Thai Economy

The Thai economy grew by 2.5% in 2024, almost on par with prior estimate; KResearch maintains its 2025 GDP growth projection at 2.4% (Business Brief No.4127)

คะแนนเฉลี่ย
  • The Thai economy grew by 2.5 percent in 2024, slightly less than the KResearch forecast of 2.6 percent, due mainly to the sharper-than-expected contraction in inventories in 4Q24, compared to that reported for the previous year, and the base increase in 4Q23.
  • For 2025, KResearch expects the Thai economy to expand at a slightly slower rate of 2.4 percent, with private consumption, exports and tourism continuing as key growth drivers despite their weaker momentum.
  • Private investment may accelerate due to foreign investment and the low base of the previous year. Additionally, public investment and consumption may continue to expand, but at a slower
  • rate than previously projected due to a higher-than-expected base in 2024 and possible lower disbursements from state enterprises this year.

Thai Economy

GDP