Thailand Aims for Stronger Economic Growth by 2030
Bangkok: Thailand is working to boost its economic growth rate from 2.7% to 3.0% by the year 2030, according to Finance Minister Ekniti Nitithanprapas, who made the announcement on Monday.
To achieve this goal, the government plans to focus on four key areas: encouraging new investments, enhancing trade, and improving service sectors such as tourism and agriculture, as outlined in a recent ministry presentation.
In addition, there will be efforts to strengthen human resources through focused research and development, along with initiatives to simplify business operations.
Last week, a prominent business coalition adjusted its economic growth forecast for 2026, raising it to between 1.6% and 2.0%. This adjustment reflects optimism due to the government’s stimulus efforts. In comparison, last year saw a growth rate of 2.4%.
To help manage living costs, the government has also introduced a consumer subsidy program worth 176 billion baht (approximately USD 5.4 billion).
In previous remarks, Ekniti expressed confidence that economic growth could surpass 3% within the next couple of years, citing expectations of increased investments. Despite stronger-than-expected growth in the first quarter, the state planning agency has kept its 2026 growth forecast between 1.5% and 2.5%, taking into account the ongoing effects of the conflict in the Middle East.
