Analysts Flag Risk of Slower GDP Growth Amid Disruptions
Thailand’s economy could maintain its recovery and grow by around 3% annually if the incoming Bhumjaithai-led coalition government completes a full four-year term, economists say. However, they warn that any…
Thailand’s public debt climbs to 11.474 trillion baht, equivalent to 63.67% of its GDP in March
Thailand’s Finance Ministry disclosed in the Royal Gazette that the nation’s public debt surged to 11.474 trillion baht or 63.67% of its GDP by the end of March. This marked…
Thailand GDP for 2023 expands at 1.9% slower than it was expected
Thailand’s gross domestic product (GDP) expanded by 1.9% in 2023, according to the National Social and Economic Development Council (NESDC). This growth, fueled by increased tourist numbers and private consumption,…
Bank of Thailand keeps its 3.6% 2023 GDP forecast.
The resurgence of the tourism industry is predicted to be the key driver of Thai economic growth going forward, which should raise labor income and private consumption.