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Thai Economy Out of ICU, 3%+ Growth Expected

Thai Economy Out of ICU, 3%+ Growth Expected

Khaosod•Economy•1d ago

Reader Briefing

Thailand's economy shows strong recovery signs, surpassing expectations and poised for significant growth.

  • •Economic growth in Q4 2025 reached 2.5%, contributing to a full-year growth of 2.4% for 2025.
  • •National GDP is nearing 19 trillion THB, showing increased economic activity and citizen income.
  • •Private consumption and overall investment have seen substantial increases, driven by government stimulus and public investment.
  • •The outlook for 2026 is for at least 2% growth, with potential to reach over 3% if positive momentum continues.

Overview

  • •Thai economy expanded by 2.5% in Q4 2025, resulting in a full-year growth of 2.4% for 2025.
  • •Nominal GDP has risen to approximately 18,977,000 million THB, surpassing previous forecasts.
  • •Private consumption grew by 3.3% in Q4 2025, boosted by government measures like 'Kon La Kreung Plus' and 'Tiew Dee Mee Keun'.
  • •Total national investment expanded by 8.1%, with public investment up 13.3% and private investment reaching 6.5%.
  • •Government fiscal discipline is maintained within the existing budget framework, not increasing deficit or borrowing.
  • •Ekkanit Nitithanprapas stated that the Thai economy has moved out of the 'ICU' stage.
  • •The current account surplus is approximately 3.1% of GDP.
  • •The government will propose amendments to related laws to further attract investment, with an economic growth forecast of at least 2% for 2026, potentially exceeding 3%.

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Key Quotes

Ekkanit Nitithanprapas
"From being seen as the sick man of Asia, as the main doctor, today the patient is out of ICU. But next is how to make the patient stronger? We must exercise, make our bodies strong, ready to run at full potential."
จากเดิมที่ไทยถูกมองเป็นผู้ป่วยแห่งเอเชีย ในฐานะหมอเอก วันนี้คนป่วยเราเอาออกจาก ICU แล้ว แต่ต่อไปคือจะทำอย่างไรให้คนป่วยกลับมาเข้มแข็งขึ้น เราก็ต้องออกกำลังกาย กลับมาทำร่างกายให้แข็งแรง ให้พร้อมวิ่งได้อย่างเต็มศักยภาพ

Key Entities

Person

Ekkanit Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)
Deputy Prime Minister and Minister of Finance of Thailand who announced the economic recovery and growth projections.

Timeline

Q4 2025(ไตรมาสที่ 4 ปี 2025)
The fourth quarter of the year 2025, during which specific economic growth figures were recorded.
2025(ปี 2025)
The full year 2025, for which overall economic growth was reported.
2026(ปี 2026)
The year 2026, for which economic growth is projected to be at least 2%.

Stat

Nominal GDPℹ️
A key economic indicator representing the total value of goods and services produced in Thailand, nearing 19 trillion THB.
FDIℹ️
Foreign Direct Investment, which is showing a positive trend of flow into Thailand.

Policy

Kon La Kreung Plus project(โครงการคนละครึ่งพลัส)
A government stimulus measure aimed at boosting private consumption by subsidizing purchases.
Tiew Dee Mee Keun project(โครงการเที่ยวดีมีคืน)
A government travel promotion initiative designed to encourage domestic tourism.
State Welfare Card(บัตรสวัสดิการแห่งรัฐ)
A government welfare program that provides financial assistance to low-income citizens.
BOI Fast Pass
A facilitation measure by the Board of Investment to expedite investment approvals and inflows.

Organization

S&Pℹ️
A credit rating agency that maintains a positive outlook on Thailand's economic stability and fiscal position.