Thai economy expected to grow 3% next year, finance ministry says

investing.com 31/10/2024 - 03:09 AM

Economic Outlook for Thailand

BANGKOK (Reuters) – Thailand's economy is projected to grow 3% in 2025, bolstered by private consumption, exports, investment, and tourism, according to the finance ministry.

The ministry forecasts 2.7% growth for this year, maintaining its previous estimate. Last year's growth was 1.9%, trailing behind regional peers.

Thailand anticipates 36 million foreign tourist arrivals this year and 39 million in 2025.

Exports are expected to grow 2.9% this year, an improvement from the prior forecast of 2.7%. In 2025, exports are predicted to rise by 3.1%.




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