Display mode (Doesn't show in master page preview)

17 Nov 2025

Thai Economy

Thailand’s economy grew less than expected in 3Q25, but higher growth is anticipated in 4Q25; full-year 2025 economic growth forecast revised up to 2.0% (Business Brief No.4215 Full Ed.)

คะแนนเฉลี่ย
  • The Thai economy in 3Q25 expanded at a slower pace than the previous quarter at 1.2 percent YoY, lower than KResearch’s prior projection of 1.6 percent. The Thai economy in this quarter was driven chiefly by steady growth in merchandise exports albeit at a slower rate than the previous quarter, together with private consumption and investment, which continued to show favorable expansion. Meanwhile, the key drags came from contractions in public consumption and investment, as well as the manufacturing sector, along with a sharp shrinkage in inventories. 
  • KResearch has raised its 2025 economic growth forecast for Thailand to 2.0 percent, from the prior projection of 1.8 percent. This revision is based on the expectation that 4Q25 GDP will expand by approximately 0.8 percent YoY. The main reasons for this upgrade are government economic stimulus measures, accelerated budget disbursement, and a higher-than-expected number of foreign tourists. As a result, the Thai economy has avoided falling into a technical recession. 
  • Looking ahead to 2026, the Thai economy is expected to grow at a slower pace, within a projected range of 1.5-1.8 percent, amid risks from a global economic slowdown and political uncertainty.

View full article


Thai Economy

GDP