Thailand Articles & Analysis

In its April 2018 Economic Monitor for Thailand, the World Bank reported that GDP growth accelerated to 3.9% in 2017, from 0.91% in 2014, 2.94% in 2015 and 3.23% in 2016. This was the fastest expansion since the 7.24% recorded in 2012, and was driven by strong global growth, increased export revenue and a modest recovery in private consumption.

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Thailand’s manufacturing sector has received a boost following new investment in automotive production; however, fragile domestic demand, a widening skills gap and cooling export demand pose challenges to the broader industrial sector.

What more can APEC do to promote the development of micro-, small and medium-sized enterprises (MSMEs) in the region?

What obstacles must be overcome for Asia to meet its long-term energy needs through renewables?

Increasing levels of private consumption and investment, backed by the government’s infrastructure programmes, helped Thailand’s economy expand in 2018, although a decline in external demand and lower tourism receipts are expected to dampen full-year growth.

High rates of digital banking growth and an increase in online transactions have coincided with new investment in Thailand’s e-commerce segment, with online shopping market share expected to treble within five years.

How do you see the newly formed Infrastructure Asia dovetailing with transnational initiatives like the Belt and Road?