{"id":6592,"date":"2025-08-01T13:38:46","date_gmt":"2025-08-01T06:38:46","guid":{"rendered":"https:\/\/www.bkkterminal.com\/article\/the-thai-economy-in-2015-grew-by-2-2-driven-by-exports-and-domestic-consumption\/"},"modified":"2025-08-04T13:42:31","modified_gmt":"2025-08-04T06:42:31","slug":"thai-economy-2025-growth","status":"publish","type":"post","link":"https:\/\/www.bkkterminal.com\/en\/article\/thai-economy-2025-growth\/","title":{"rendered":"The Thai economy in 2015 grew by 2.2%, driven by exports and domestic consumption."},"content":{"rendered":"\n

What are the main drivers of the Thai economy this year?<\/strong><\/p>\n\n

    \n
  1. Industrial production is expected to rebound to 1.2% growth from the previous -0.4% contraction, particularly in the automotive and electronics sectors.<\/li>\n\n\n\n
  2. Exports are revised upwards from 2.3% to 5.5% per year, reflecting stronger-than-expected imports from major trading partners.<\/li>\n\n\n\n
  3. Private consumption continued to grow at 3.1%, as evidenced by the VAT collection in the country, which has expanded for nine consecutive quarters.<\/li>\n<\/ol>\n\n

    Private investment is clearly recovering \u2013 new projects exceed 1 trillion baht<\/p>\n\n

    – Private sector investment is expected to grow by 3.0% (from just 0.4%), reflecting confidence in production and exports.<\/p>\n\n

    – In the first half of the year, there were 1,880 projects requesting investment promotion, worth more than 1 trillion baht.<\/p>\n\n

    The government is moving forward with a budget of 157<\/strong> billion baht.<\/strong><\/p>\n\n

    – Government investment is expected to grow by 3.9% and government consumption by 1.2%.<\/p>\n\n

    – More than 115 billion baht has been allocated to infrastructure, tourism, community economy, and export impact mitigation plans.<\/p>\n\n

    Low inflation \u2013 current account surplus<\/strong><\/p>\n\n

    – The general inflation rate this year is expected to be 0.4%.<\/p>\n\n

    – The current account balance is expected to register a surplus of US$14.6 billion, or 2.9% of GDP.<\/p>\n\n

    The United States is preparing to adjust import tariffs. Thailand may receive a 15-36% waiver.<\/strong><\/p>\n\n

    – Thailand is likely to join the US Reciprocal Tariffs agreement in Q3 this year.<\/p>\n\n

    – It is expected that Thailand may receive a tax rate between 15%\u201336%, with a maximum ceiling unlikely to be exceeded.<\/p>\n\n

    – Special low-interest loans are being pushed to help SMEs exporting to the US.<\/p>\n\n

    The impact of the Thai-Cambodian border is ‘limited’.<\/strong><\/p>\n\n

    – Border trade value with Cambodia accounts for only 1.4% of total trade.<\/p>\n\n

    – The main destinations for most foreign tourists are far from conflict areas.<\/p>\n\n

    The relief measures already issued include:<\/strong><\/p>\n\n