Thailand to raise its annual economic growth potential to 3% by 2030, finance minister says
It will drive the expansion through ‘four pillars’ including investment and trade, a ministry presentation shows
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[BANGKOK] Thailand plans to lift its economic growth potential from 2.7 to 3 per cent by 2030, Finance Minister Ekniti Nitithanprapas said on Monday (Jun 22).
The government will drive economic growth through “four pillars” including new investment, trade and services such as tourism and agriculture, a presentation by the ministry showed.
It will also develop human capital from strategic research and development and make it easier to do business, the presentation revealed.
A leading joint business group last week raised its 2026 economic growth forecast to 1.6 to 2 per cent, citing support from government stimulus measures. Last year’s growth was 2.4 per cent.
The government has launched a 176 billion baht (S$6.9 billion) consumer-subsidy scheme to ease the cost of living.
Last month, Ekniti said he expected growth to top 3 per cent over the next one to two years, supported by new investments.
The state planning agency maintained its 2026 growth outlook at 1.5 to 2.5 per cent, despite stronger-than-expected first quarter growth, reflecting the impact of the war in the Middle East. REUTERS
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