Thailand GDP Q2 2025 +2.8%

According to the latest data released by the National Economic and Social Development Council, Thailand’s economy grew by 2.8 per cent in the second quarter of 2025, down from the 3.2 per cent reached in the first quarter.

Growth was supported by exports, private consumption, and tourism, while public investment and government expenditure contracted. On a quarterly basis, GDP increased by 0.6 per cent, compared with 0.7 per cent in the previous quarter, while for the first half of 2025, the GDP increased by 3 percent.

Agricultural production remained strong, rising 6.0 per cent in Q2 after a 6.2 per cent increase in Q1. In contrast, non-agricultural sectors grew by 2.5 per cent, down from 2.9 per cent in the first quarter.

The manufacturing sector showed improvement, with growth accelerating to 0.8 per cent from 0.4 per cent in the previous quarter, driven by stronger industrial production and gains in the electricity, gas, and steam sectors. The services sector, however, lost momentum, expanding by 3.5 per cent compared with 4.1 per cent in Q1, weighed down by slower activity in accommodation, food services, transportation, and construction.

On the expenditure side, investment rose by 5.8 per cent, up from 4.7 per cent in Q1, led by private sector spending on machinery and equipment. Public investment increased by 10.1 per cent, although this was well below the 26.3 per cent recorded in the previous quarter. Exports of goods and services surged 12.2 per cent, while imports grew 10.8 per cent.

The government expects the economy to expand within a range of 1.8 to 2.3 per cent in 2025, compared with 2.5 per cent growth in 2024. In its latest outlook, the International Monetary Fund projected a GDP growth rate of 1.8 per cent for Thailand in 2025.

The Association of Southeast Asian Nations (ASEAN), a political and economic union of ten members, has a combined population of 667 million and a territory of 4.5 million km². It is currently the third-largest economy in the Asia-Pacific region and the fifth-largest in the world, with a combined GDP of USD 4.2 trillion in 2024, according to estimates under the ASEAN Economic Community (AEC).