Thailand Targets $15,000 Income in 12 Years, Lifts Investment Goal to 30% of GDP
Updated
Updated · The Star Online · Jun 22
Thailand Targets $15,000 Income in 12 Years, Lifts Investment Goal to 30% of GDP
3 articles · Updated · The Star Online · Jun 22
Summary
Thailand set a 12-year plan to reach high-income status, aiming to lift annual per-capita income from about $8,000-$9,000 to above $15,000 through a new public-private economic blueprint.
A 2030 milestone targets top-20 global competitiveness and growth potential above 3%, up from about 2.7%, as Bangkok tries to escape the middle-income trap.
The strategy rests on four engines: future-industry investment, stronger tourism and agriculture, human-capital and AI skills development, and cutting legal and bureaucratic barriers through digital government.
Investment is meant to rise from 22% to 30% of GDP, with quick-win projects due within six to 12 months and bigger structural reforms targeted within the government's four-year term.
Officials also tied the overhaul to new FTAs with the EU, US, Canada and UK, broader exporter participation, and legal changes to reduce Thailand's permission-heavy business rules.