BANGKOK, Thailand – According to the latest Thailand Economic Monitor from the World Bank, Thailand’s economy is projected to grow by 2.9% in 2025, an increase from 2.6% in 2024. This growth is attributed to rising investment, infrastructure projects, and a recovery in tourism. Experts emphasize the crucial role of innovation and a vibrant small and medium-sized enterprise (SME) sector in ensuring the country’s long-term economic stability.
The World Bank highlights the importance of nurturing innovation ecosystems, enhancing skills for the future, and improving the regulatory environment to sustain growth. While the poverty rate has decreased to 8.2% in 2024, Thailand still faces challenges such as high household debt, sluggish private investment, and concerns about fiscal sustainability.
SMEs and start-ups, which make up over 90% of businesses in Thailand, are key drivers of economic growth. However, obstacles such as limited access to finance, technology, and global markets need to be addressed. Strengthening digital start-ups, improving regulatory frameworks, and investing in education and training are essential to boosting competitiveness.
With strategic policies and targeted investments, Thailand is well-positioned to enhance its economic resilience and promote sustainable growth in the ever-changing global economy. (NNT)
