Thailand Targets 3.0% Growth Potential by 2030 From 2.7%
Updated
Updated · Reuters · Jun 22
Thailand Targets 3.0% Growth Potential by 2030 From 2.7%
2 articles · Updated · Reuters · Jun 22
Summary
Thailand said it aims to raise its annual economic growth potential to 3.0% by 2030, up from 2.7%, setting a longer-term benchmark for the economy.
Four pillars underpin the plan: new investment, trade, services including tourism and agriculture, alongside human-capital development through strategic R&D and easier business rules.
The push comes as near-term growth remains modest: a leading business group last week lifted its 2026 forecast to 1.6%-2.0%, while the state planning agency kept its view at 1.5%-2.5%.
A 176 billion baht ($5.4 billion) consumer subsidy scheme is already in place to support demand, while officials say new investment could help growth top 3% in the next one to two years.