Thailand Data Centres 2H/2024

ECONOMIC PROJECTIONS FOR 2024–2025

Thailand’s economy is poised for modest growth in 2024 and 2025, supported by domestic consumption, government investment, and a rebounding tourism sector. For 2024, the GDP growth rate is projected at 2.6%, improving from the 1.9% expansion recorded in 2023. Inflation is expected to remain subdued at 0.5%, while the current account balance is forecasted to show a surplus of 2.5% of GDP. Moving into 2025, economic growth is anticipated to range between 2.3% and 3.3%, with a midpoint estimate of 2.8%.