Thailand’s economy grew by 3.2 percent year-on-year in Q4 2024, driven by a rebound in public investment and strong electronics exports, while private consumption saw a modest boost from fiscal stimulus...
November economic activity data suggests gradual growth, driven by strong external demand, particularly for goods exports and tourism, as well as a slight recovery in private consumption supported by fiscal...
Economic growth in Q3 reached a two-year high and surpassed expectations, fueled by a rebound in tourism, exports, and public investment. However, high frequency indicators indicate a slowdown in private...
The economy decelerated slightly. Manufacturing and private consumption weakened while exports and tourism continued to support growth. Growth is projected to accelerate to 2.4 percent in 2024, with further...
Economic activity improved, driven by external demand for exports and tourism. Manufacturing growth turned positive, supported by a surge in goods exports. However, internal drivers weighed on growth...
Growth accelerated in Q2 to 2.3 percent, slightly above expectations, but the recovery continued to lag ASEAN peers. In June, data indicated a subdued recovery, with activity slowing and consumer confidence...
Recent indicators of economic activity point to a gradual recovery, supported by improvement in manufacturing production, goods exports, and tourism. The number of tourist arrivals expanded, nearing pre-pandemic...
The economy slowed more than expected due to sluggish external demand and delayed budget approval. Expanding private consumption and tourism continued to drive services growth, albeit at a slower pace...
Thailand's economic recovery trailed further behind ASEAN peers due to sluggish manufacturing and delayed budget approval. However, robust private consumption and a notable rebound in tourism continued...
Thailand's economic recovery lagged further behind ASEAN peers as growth was a disappointing 1.7 percent in the fourth quarter and resulted in slower annual growth of 1.9 percent in 2023. Growth was hampered...
The economy continued its moderate expansion, driven by private consumption and improving goods exports. However, the tourism recovery decelerated. Inflation remained significantly below peers; raw food...
The economy maintained a gradual recovery, led by private consumption in Thailand. Weak global demand continued to exert downward pressure on goods exports and is beginning to impede the tourism recovery...
Growth decelerated more than expected to 1.8 percent in Q2 2023, amid the global trade slowdown. Private consumption remained strong, buoyed by a strong labor market and the gradual tourism recovery. Slowing...
The economy maintained moderate expansion, driven by private consumption and tourism. Declining inflation alleviated pressure on living costs and supported private consumption. However, goods exports as...
Private consumption and the recovery of tourism supported economic expansion in March. In contrast, weak external goods demand continued to weigh on manufacturing production and investment. The government...
The economy expanded moderately as private consumption and tourism improved. However, lingering soft global demand continued to weigh on manufacturing goods exports. Inflation slowed and returned to the...
The economy resumed moderate expansion as private consumption and tourism improved at the beginning of 2023, after a disappointing Q4 outturn. However, lingering soft global demand continued to weigh on...
Growth decelerated more than expected to 1.4 percent in Q4 2022 amid the global economic slowdown. Goods trade contracted while manufacturing production and investment weakened. However, robust private...
Strong private consumption and further tourism recovery, especially after the reopening of China’s border, will continue to support economic growth but falling goods exports have weighed down manufacturing...
The economy has shown resilience to recent global shocks thus far, with output surpassing its pre-pandemic level in 2022 Q3, earlier than expected but trailing behind peers. Thailand’s economic recovery...