Thai Banks: 2025 GDP Surges, 2026 Expected to Continue Positive Surprises

Khaosod•Economy•1d ago

Reader Briefing

The Thai Banks Association reports that Thailand's 2025 GDP growth surpassed market expectations, attributing it to effective government policies and projecting continued positive surprises for 2026.

•The Thai economy in 2025 grew beyond initial forecasts, with the Q4 2025 GDP increasing by 2.5%.
•The Thai Banks Association, led by Mr. Payong Srivanich, highlighted the effectiveness of government's "Quick Big Win" policies.
•The 2025 GDP growth is projected to pave the way for continued positive economic surprises in 2026.
•The association emphasizes the need to build continuous trust and confidence in the Thai economy, beyond just growth rates.

Overview

•GDP for the full year 2025 grew 2.4%, exceeding the original forecast of 2.0–2.2%.
•GDP in Q4 2025 grew 2.5%, higher than the expected 1.3%.
•The Thai Banks Association stated that the Thai economy in 2025 expanded better than market expectations, despite facing global economic uncertainties and domestic structural constraints.
•The "Quick Big Win" policy played a significant role in supporting the short-term economy and laying the groundwork for long-term development.
•The economic momentum from late 2025 is expected to lead to continuous positive surprises in 2026.
•Effective government economic policies, professional management, and close coordination with the private sector contributed to the positive economic performance.
•The association, along with the Federation of Thai Industries and the Thai Chamber of Commerce, is advancing the PromptBiz project to reduce supply chain trade costs and increase liquidity.
•Addressing structural issues such as household debt, SME competitiveness, and transparent government regulations is crucial for enhancing national competitiveness.

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Key Quotes

Mr. Payong Srivanich

"The Thai economy in 2025 expanded better than the market expected, despite facing global economic uncertainties and domestic structural constraints."

เศรษฐกิจไทยปี 2025 ขยายตัวดีกว่าที่ตลาดคาด แม้เผชิญความไม่แน่นอนจากเศรษฐกิจโลกและข้อจำกัดเชิงโครงสร้างภายในประเทศ

Mr. Payong Srivanich

"The key challenge from now on is not just maintaining growth rates, but continuously building trust and confidence in the Thai economy."

โจทย์สำคัญจากนี้ไม่ใช่เพียงการรักษาอัตราการเติบโต แต่คือการสร้าง Trust and Confidence ต่อเศรษฐกิจไทยอย่างต่อเนื่อง

Mr. Payong Srivanich

"The economic momentum at the end of 2025 is believed to lead to continuous positive surprises into 2026."

โมเมนตัมเศรษฐกิจปลายปี 2025 เชื่อว่าจะสามารถทำให้เกิด Positive Surprise ต่อเนื่องมาในปี 2026

Key Entities

Organization

Thai Banks Association(สมาคมธนาคารไทย)ℹ️

An industry association representing banks in Thailand, providing analysis on the country's economic performance.

Office of the National Economic and Social Development Council(สำนักงานสภาพัฒนาการเศรษฐกิจและสังคมแห่งชาติ)ℹ️

The government agency responsible for reporting Thailand's GDP figures.

The Federation of Thai Industries(สภาอุตสาหกรรมแห่งประเทศไทย)ℹ️

An industrial organization collaborating with the Thai Banks Association and the Thai Chamber of Commerce on economic initiatives.

The Thai Chamber of Commerce(สภาหอการค้าแห่งประเทศไทย)ℹ️

A business organization collaborating with the Thai Banks Association and the Federation of Thai Industries on economic initiatives.

Person

Mr. Payong Srivanich(นายผยง ศรีวณิช)

President of the Thai Banks Association, who provided statements on Thailand's GDP performance and economic outlook.

Dr. Ekniti Nitithanprapas(ดร.เอกนิติ นิติทัณฑ์ประภาศ)

An individual recognized for professional experience in government finance and economic management.

Ms. Supajee Suthamphant(คุณศุภจี สุธรรมพันธุ์)

An individual recognized for professional experience in government finance and economic management.

Mr. Sihasak Phuangketkeaw(คุณสีหศักดิ์ พวงเกตุแก้ว)

An individual recognized for professional experience in government finance and economic management.

Policy

Quick Big Win

A government policy initiative credited with driving economic momentum and providing short-term support.

Reinvent Thailand

A policy framework emphasizing integrated design and comprehensive implementation from upstream to downstream.

Connect the Dots

An initiative focused on improving public sector data linkage to manage systemic risks, such as tracking financial flows and virtual assets.

PromptBiz

A private sector project aimed at reducing trade costs in supply chains and increasing liquidity with fair conditions.