The Thai finance ministry projects the country’s economy to expand by 3% in 2025, driven by private consumption, exports, investment, and tourism. This growth estimate follows a previous forecast of 2.7% for 2024, and an actual growth rate of 1.9% in the previous year, which fell behind other economies in the region.
Looking ahead, the ministry anticipates a rise in foreign tourist arrivals from 36 million in 2024 to 39 million in 2025. Moreover, export growth is expected to strengthen from 2.9% in 2024 to 3.1% in 2025.
Additionally, the finance ministry predicted headline inflation for 2024 at 0.4%, slightly lower than the 0.6% growth seen in July. The figure is forecast for 1.0% in 2025.
