The Thai economy cools down in 2025.

In 2025, the Thai economy cooled down, performing below expectations, due to the country's difficult response to domestic structural challenges and external uncertainties. The GDP growth in the fourth quarter was 2.5%, with an annual growth rate of 2.4%, slower than in 2024. The country's economy has been struggling to recover since the pandemic due to deep-rooted domestic structural issues such as high household debt, aging population, and weak consumer demand. After hitting a four-year low in the third quarter, the momentum of growth accelerated in the later stages of 2025. A survey had previously forecast that economic growth in the fourth quarter would remain at a weak level of 1.3%. Private consumption, which accounts for about half of the country's economy, grew by 3.3% year-on-year in the fourth quarter. Government data shows that the economy strengthened after seasonal adjustments, with a 1.9% quarter-on-quarter growth in the fourth quarter, compared to a 0.3% contraction in the revised third quarter. For the coming year, the government expects the Thai economy to grow by 1.5%-2.5%.