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ttb Analytics pushes Reinvent Thailand to boost GDP

ttb Analytics pushes Reinvent Thailand to boost GDP

Prachachat•Economy•38m ago

Reader Briefing

ttb Analytics proposes the Reinvent Thailand strategy to reduce inequality and increase GDP growth to 3.7% by 2030.

  • •ttb Analytics promotes the Reinvent Thailand strategy focusing on 6 target industry groups.
  • •The strategy aims to attract an additional 100,000 million US dollars in Foreign Direct Investment (FDI).
  • •GDP growth projections have been revised to 2.7% for 2026 and 3.0% for 2027.
  • •The GDP growth target for 2030 is projected to reach 3.7%.

Overview

  • •Naris Sathapholdecha of ttb Analytics stated that the Reinvent Thailand strategy focuses on 6 target industry groups comprising one-third of the GDP.
  • •The target industries cover 46% of entrepreneurs, totaling 260,000 entities, and 11 million employees.
  • •The 6 target industries include Smart Electronics, Automotive, Agriculture & Food Processing, Medical & Wellness, Tourism, and Retail & Trading.
  • •Successful implementation of Reinvent Thailand is expected to increase annual GDP expansion by 1% to a level of 3-4% over the next 5 years.
  • •ttb Analytics adjusted the GDP growth estimate for 2026 to 2.7% from the previous 2.4%.
  • •ttb Analytics projects the GDP growth for 2027 to reach 3.0%.
  • •The GDP projection adjustments result from changes to the Manufacturing Production Index (MPI) by the Office of Industrial Economics.

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Key Quotes

Naris Sathapholdecha
"If Thailand can successfully drive the Reinvent Thailand strategy according to the plan, it is expected to attract an additional 100,000 million US dollars in Foreign Direct Investment (FDI)."
หากประเทศไทยสามารถขับเคลื่อนยุทธศาสตร์ Reinvent Thailand ได้สำเร็จตามแผนที่วางไว้ คาดว่าจะช่วยดึงดูดเงินลงทุนโดยตรงจากต่างประเทศ หรือ FDI เข้ามาเพิ่มขึ้นอีก 100,000 ล้านดอลลาร์สหรัฐ

Key Entities

Organization

ttb Analytics
The economic analysis center of ttb that provided GDP projections and the Reinvent Thailand strategy.
Office of Industrial Economics(สำนักงานเศรษฐกิจอุตสาหกรรม)
The agency responsible for the structure and index of the Manufacturing Production Index (MPI).

Person

Naris Sathapholdecha(นริศ สถาผลเดชา)
Chairman of the Data and Analytics group at ttb Analytics.

Policy

Reinvent Thailand
A strategy to overhaul the Thai economy focusing on 6 target industries to solve inequality and handle volatility.