NESDC Raises GDP Target to 2%, Q4/68 Growth Exceeds Expectations

Khaosod•Economy•1d ago

Reader Briefing

Thailand's National Economic and Social Development Council (NESDC) has revised its GDP growth forecast for the current year upwards to 2%, citing stronger-than-anticipated performance in the fourth quarter of 2025.

•NESDC has raised the GDP growth forecast for 2025 to 2%.
•Q4 2025 economic growth was 2.5%, exceeding previous estimates.
•Key drivers for Q4 growth included investments and exports.
•The economic outlook for 2026 is projected at 1.5-2.5% growth.

Overview

•For the fourth quarter of 2025, the Thai economy expanded by 2.5%, exceeding previous assessments due to significant acceleration in total investment.
•Total investment in Q4 2025 grew by 8.1%, comprising 6.5% private and 13.3% public investment, resulting in improved economic activity.
•Exports of goods and services in Q4 2025 expanded by 5.6%, with goods exports showing a strong 8.7% growth, contributing to the overall economic performance.
•The construction sector in Q4 2025 saw a substantial 11.2% expansion, reflecting increased public and private investment projects.
•For the full year 2025, the Thai economy is projected to grow by 2.4%, a decrease from 2.9% growth in 2024.
•The NESDC revised the 2026 GDP growth forecast upwards to a range of 1.5% – 2.5% (mid-point 2.0%), an increase from the previous forecast of 1.2%–2.2% (mid-point 1.7%).
•Significant contributors to the 2026 economic outlook include continued growth in private consumption and investment, increased government budget, and tourism recovery.
•The NESDC's forecast for 2026 estimates private consumption growth at 2.1% and private investment growth at 1.9%, indicating a positive economic trajectory.

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Key Entities

Organization

National Economic and Social Development Council(สภาพัฒนาการเศรษฐกิจและสังคมแห่งชาติ)ℹ️

The Thai government agency responsible for economic forecasts and planning, as evidenced by its revision of the GDP growth target.

Person

Danucha Pichayanan(นายดนุชา พิชยนันท์)ℹ️

Secretary-General of the National Economic and Social Development Council (NESDC), who announced the GDP forecast revisions.