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The economy of Thailand is dependent on exports, which accounted in 2021 for about 58 per cent of the country's gross domestic product (GDP). [25] Thailand itself is a newly industrialized country, with a GDP of 17.367 trillion baht (US$495 billion) in 2022, the 9th largest economy in Asia. [26]
3 Ιουλ 2024 · Headline inflation is projected to slow to a regional low of 0.7 percent in 2024, below the central bank’s target range, due to the moderation in food and energy prices. Public debt is projected to rise to 64.6 percent in fiscal year 2025.
Thailand's economy in numbers: Nominal GDP of USD 495 billion in 2022. GDP per capita of USD 7,070 compared to the global average of USD 10,589. Average real GDP growth of 2.4% over the last decade.
For Thailand, the economy in 2021 expanded by 1.5 percent from the previous year and was driven by recoveries in both external and domestic demands. The impact of the new wave of infections on the Thai economy was not as severe as the first wave thanks to less restrictive containment measures compared to the
Latest Economic Survey of Thailand - 7 December 2023. Thailand has achieved remarkable economic progress over the past decades. A strong and timely policy response helped to cushion the economic and social impact of the pandemic, and of high energy and food prices.
Thailand's economic growth will accelerate to 3.2% in 2024 after 1.9% growth in 2023, as private consumption will benefit from a more populist set of policies from the new government, as well as a strengthening recovery in the tourism sector.
Thailand GDP is projected to grow by 2.7% in 2024 and 3.3% in 2025. Despite having lost some momentum in late 2023, private consumption, buoyed by fiscal measures, a strong labour market and declining inflation, is expected to remain robust, while investment will recover after a weak patch during 2023.
