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Thailand Economy Expands 1.9% QoQ in Q4, The Most in 4 years
Thailand’s economy grew 1.9% qoq in Q4 2025, swinging from a downwardly revised 0.3% decline in Q3 and easily exceeding market forecasts of a 0.3% expansion. It was the fastest quarterly growth since Q4 2021, following a recent election. Private consumption picked up sharply (1.5% vs 0.6% in Q3) while government spending posted a strong rebound (5.0% vs -2.7%) amid a recovery in social transfers and compensation of employees. Net trade contributed positively, even as exports (1.6% vs 0.7%) grew less than imports (4.6% vs 0.9%). Meanwhile, fixed investment continued to grow despite slowing growth (4.0% vs 5.9%).
Published on 2026-02-16

Thailand Economy Expands 1.9% QoQ in Q4, The Most in 4 years
Thailand’s economy grew 1.9% qoq in Q4 2025, swinging from a downwardly revised 0.3% decline in Q3 and easily exceeding market forecasts of a 0.3% expansion. It was the fastest quarterly growth since Q4 2021, following a recent election.
Published on 2026-02-16

Thailand Economy Expands 1.9% QoQ in Q4, The Most in 4 years
Thailand’s economy grew 1.9% qoq in Q4 2025, swinging from a downwardly revised 0.3% decline in Q3 and easily exceeding market forecasts of a 0.3% expansion. It was the fastest quarterly growth since Q4 2021, following a recent election. Private consumption rose the most in a year (3.3% vs 2.5% in Q3), supported by ongoing Bangkok's support measures. At the same time, government spending increased 1.3%, after falling 3.9% previously. Meanwhile, fixed investment picked up sharply (8.1% vs 1.4%). On the trade front, exports slowed (5.6% vs 7.6%) while imports accelerated (9.1% vs 5.9%). By production, non-agriculture quickened (2.7% vs 1.2%), with industrial output rebounding amid growth in mining and manufacturing. Also, services activity quickened, led by construction, wholesale and retail trade, financials, and transport. Meanwhile, the agriculture eased (0.3% vs 2.1%), reflecting a slowdown in agriculture, forestry, and fishing.
Published on 2026-02-16

Thailand Economy Expands 1.9% QoQ in Q4, The Most in 4 years
Thailand’s economy grew 1.9% qoq in Q4 2025, swinging from a downwardly revised 0.3% decline in Q3 and easily exceeding market forecasts of a 0.3% expansion. It was the fastest quarterly growth since Q4 2021, following a recent election.
Published on 2026-02-16

Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market consensus of a 0.3% fall and reversing a downwardly revised 0.5% growth in Q2. It marked the first quarterly drop in near three years and the steepest pace since Q3 2021, due to internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures having limited impact. Private consumption grew the least in seven quarters (0.5% vs 0.6% in Q2), as high household debt persisted. Government spending fell (-2.4% vs 0.1%), weighed by a plunge in social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade added positively, with exports continuing to rise (0.4% vs 1.2%) while imports shrank (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%). Non-agriculture output also shrank (-0.3% vs 0.5%), rattled by weaker industrial activity, though services growth accelerated.
Published on 2025-11-17

Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market estimates of a 0.3% decline and marking the first contraction since Q2 of 2022.
Published on 2025-11-17

Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy contracted 0.6% qoq in Q3 2025, missing market expectations of a 0.3% decline and reversing a downwardly revised 0.5% growth in Q2, marking the first quarterly drop since Q2 2022. The slowdown came amid economic headwinds and the transition to new leadership under PM Anutin Charnvirakul, with government support measures having limited impact. Private consumption rose the least in seven quarters (0.5% vs 0.6% in Q2), reflecting high household debt. Meantime, government spending fell (-2.4% vs 0.1%), due to lower social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade contributed positively, with exports continuing to rise (0.4% vs 1.2%) while imports dropped (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%), and non-agriculture also slipped (-0.3% vs 0.5%) driven by a decline in industry, though services growth accelerated.
Published on 2025-11-17

Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market expectations of a 0.3% decline and reversing a downwardly revised 0.5% growth in Q2, marking the first quarterly drop since Q2 2022. The economic contraction came amid internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures providing limited relief. Private consumption grew the least in seven quarters (0.5% vs 0.6% in Q2), reflecting persistent household debt. Government spending also fell (-2.4% vs 0.1%), pressured by lower social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade contributed positively, with exports continuing to rise (0.4% vs 1.2%) while imports dropped (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%), and non-agriculture also slipped (-0.3% vs 0.5%), driven by a decline in industry, though services growth accelerated.
Published on 2025-11-17

Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market expectations of a 0.3% decline and reversing a downwardly revised 0.5% growth in Q2, marking the first quarterly drop since Q2 2022. The economic contraction came amid internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures offering limited impact. Private consumption grew the least in seven quarters (0.5% vs 0.6% in Q2), reflecting persistent household debt. Government spending also fell (-2.4% vs 0.1%), pressured by lower social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade contributed positively, with exports continuing to rise (0.4% vs 1.2%) while imports dropped (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%), and non-agriculture also slipped (-0.3% vs 0.5%), driven by a decline in industry, though services growth accelerated.
Published on 2025-11-17

Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market expectations of a 0.3% decline and reversing a downwardly revised 0.5% growth in Q2, marking the first quarterly drop since Q2 2022. The economic contraction came amid internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures offering limited impact. Private consumption grew the least in seven quarters (0.5% vs 0.6% in Q2), as high household debt persisted. Government spending also fell (-2.4% vs 0.1%), pressured by lower social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade contributed positively, with exports continuing to rise (0.4% vs 1.2%) while imports dropped (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%). Simultaneously, non-agriculture also slipped (-0.3% vs 0.5%), driven by a fall in industry, though services growth accelerated.
Published on 2025-11-17

Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market expectations of a 0.3% decline and reversing a downwardly revised 0.5% growth in Q2. It marked the first quarterly drop since Q2 2022, reflecting internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures offering limited impact. Private consumption grew at the mildest pace in seven quarters (0.5% vs 0.6% in Q2), as high household debt persisted. Government spending also fell (-2.4% vs 0.1%), pressured by a plunge in social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade contributed positively, with exports continuing to rise (0.4% vs 1.2%) while imports dropped (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%). Simultaneously, non-agriculture also slipped (-0.3% vs 0.5%), driven by a fall in industry, though services growth accelerated.
Published on 2025-11-17

Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market expectations of a 0.3% decline and reversing a downwardly revised 0.5% growth in Q2. It marked the first quarterly drop since Q2 2022, reflecting internal and external headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures offering limited impact. Private consumption grew at the mildest pace in seven quarters (0.5% vs 0.6% in Q2), as high household debt persisted. Government spending also fell (-2.4% vs 0.1%), pressured by a plunge in social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade contributed positively, with exports continuing to rise (0.4% vs 1.2%) while imports dropped (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%). Non-agriculture output also shrank (-0.3% vs 0.5%), weighed down by weaker industrial activity, though services growth picked up pace.
Published on 2025-11-17

Thailand Economy Contracts 0.6% QoQ in Q3
Thailand’s economy shrank 0.6% qoq in Q3 2025, missing market expectations of a 0.3% decline and reversing a downwardly revised 0.5% growth in Q2. It marked the first quarterly drop in near three years and the steepest pace since Q3 2021, due to headwinds, as well as the transition to new leadership under PM Anutin Charnvirakul, with government support measures offering limited impact. Private consumption grew the least in seven quarters (0.5% vs 0.6% in Q2), as high household debt persisted. Government spending fell (-2.4% vs 0.1%), pressured by a plunge in social transfers. However, fixed investment rose for the first time in four quarters (5.4% vs -1.1%). Net trade added positively, with exports continuing to rise (0.4% vs 1.2%) while imports dropped (-0.5% vs 5.1%). By sector, agriculture shrank for the first time since Q2 2024 (-3.1% vs 0.2%). Non-agriculture output also shrank (-0.3% vs 0.5%), weighed down by weaker industrial activity, though services growth picked up pace.
Published on 2025-11-17

Thailand Economy Expands 0.6% QoQ in Q2
Thailand’s economy grew by 0.6% qoq in Q2 2025, exceeding market forecasts of 0.3% and marking the sixth consecutive quarter of expansion, though slightly below Q1's reading of 0.7%. The latest result reflected weaker private consumption (0.2% vs 0.6% in Q1) amid high household debt. Meanwhile, government spending rose for the first time in three quarters (0.4% vs -1.3%), supported by a rebound in social transfers. Net trade also contributed positively, with exports increasing at a slightly faster pace (2.1% vs 1.9%) as firms accelerated shipments ahead of higher U.S. tariffs, while imports rebounded strongly (5.4% vs -1.8%). At the same time, fixed investment continued to shrink but at a softer rate (-1.9% vs -2.3%). By sector, the agriculture sector lost momentum (0.5% vs 3.4%), posting its slowest increase in three quarters. Meanwhile, non-agriculture activity quickened (0.6% vs 0.3%), mainly led by a recovery in industry (1.5% vs 0.2%), as services growth slowed (0.2% vs 0.4%).
Published on 2025-08-18

Thailand Economy Expands 0.6% QoQ in Q2
Thailand’s economy grew by 0.6% qoq in Q2 2025, exceeding market consensus of 0.3% and following a 0.7% increase in Q1. It marked the sixth straight quarter of quarterly expansion.
Published on 2025-08-18

Thailand Economy Expands 0.6% QoQ in Q2
Thailand’s economy grew by 0.6% qoq in Q2 2025, exceeding market consensus of 0.3% and marking the sixth straight quarter of increase. The latest result was slightly below Q1's reading of 0.7%.
Published on 2025-08-18

Thailand Economy Expands 0.6% QoQ in Q2
Thailand’s economy expanded 0.6% qoq in Q2 2025, exceeding market forecasts of 0.3% and marking the sixth consecutive quarter of growth, though slightly below Q1's reading of 0.7%. The slowdown reflected weaker private consumption (0.2% vs 0.6%) amid high household debt. In contrast, government spending rose for the first time in three quarters (0.4% vs -1.3%), supported by a rebound in social transfers. Fixed investment shrank again but at a softer pace (-1.9% vs -2.3%). On the external side, exports grew at a slightly faster pace (2.1% vs 1.9%) as firms accelerated shipments ahead of higher U.S. tariffs, while imports rebounded strongly (5.4% vs -1.8%). By sector, the agriculture sector lost momentum (0.5% vs 3.4%), posting its slowest increase in three quarters. Meanwhile, non-agriculture activity quickened (0.6% vs 0.3%), mainly led by a recovery in industry (1.5% vs 0.2%), as services growth slowed (0.2% vs 0.4%).
Published on 2025-08-18

Thailand Economy Expands 0.6% QoQ in Q2
Thailand’s economy grew by 0.6% qoq in Q2 2025, exceeding market forecasts of 0.3% and marking the sixth consecutive quarter of expansion, though slightly below Q1's reading of 0.7%. The latest result reflected weaker private consumption (0.2% vs 0.6% in Q1) amid high household debt. In contrast, government spending rose for the first time in three quarters (0.4% vs -1.3%), supported by a rebound in social transfers. Fixed investment shrank again but at a softer pace (-1.9% vs -2.3%). On the external side, exports grew at a slightly faster pace (2.1% vs 1.9%) as firms accelerated shipments ahead of higher U.S. tariffs, while imports rebounded strongly (5.4% vs -1.8%). By sector, the agriculture sector lost momentum (0.5% vs 3.4%), posting its slowest increase in three quarters. Meanwhile, non-agriculture activity quickened (0.6% vs 0.3%), mainly led by a recovery in industry (1.5% vs 0.2%), as services growth slowed (0.2% vs 0.4%).
Published on 2025-08-18

Thailand Economy Expands 0.6% QoQ in Q2
Thailand’s economy grew by 0.6% qoq in Q2 2025, exceeding market forecasts of 0.3% and marking the sixth consecutive quarter of expansion, though slightly below Q1's reading of 0.7%. The latest result reflected weaker private consumption (0.2% vs 0.6% in Q1) amid high household debt. In contrast, government spending rose for the first time in three quarters (0.4% vs -1.3%), supported by a rebound in social transfers. On the external side, exports grew at a slightly faster pace (2.1% vs 1.9%) as firms accelerated shipments ahead of higher U.S. tariffs, while imports rebounded strongly (5.4% vs -1.8%). However, fixed investment shrank again but at a softer pace (-1.9% vs -2.3%). By sector, the agriculture sector lost momentum (0.5% vs 3.4%), posting its slowest increase in three quarters. Meanwhile, non-agriculture activity quickened (0.6% vs 0.3%), mainly led by a recovery in industry (1.5% vs 0.2%), as services growth slowed (0.2% vs 0.4%).
Published on 2025-08-18

Thailand Economy Expands 0.6% QoQ in Q2
Thailand’s economy grew by 0.6% qoq in Q2 2025, exceeding market forecasts of 0.3% and marking the sixth consecutive quarter of expansion, though slightly below Q1's reading of 0.7%. The latest result came amid a deadly border clash in Cambodia. Private consumption notably weakened (0.2% vs 0.6% in Q1) amid high household debt. Meanwhile, government spending rose for the first time in three quarters (0.4% vs -1.3%), supported by a rebound in social transfers. On the external side, exports grew at a slightly faster pace (2.1% vs 1.9%) as firms accelerated shipments ahead of higher U.S. tariffs, while imports rebounded strongly (5.4% vs -1.8%). However, fixed investment shrank again but at a softer pace (-1.9% vs -2.3%). By sector, the agriculture sector lost momentum (0.5% vs 3.4%), posting its slowest increase in three quarters. Meanwhile, non-agriculture activity quickened (0.6% vs 0.3%), mainly led by a recovery in industry (1.5% vs 0.2%), as services growth slowed (0.2% vs 0.4%).
Published on 2025-08-18