Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance, expressed optimism about Thailand’s economic prospects for 2026. While the Ministry of Finance’s initial growth estimate stands at 2%, Ekniti believes GDP could expand by more than 3% if sustained economic confidence is achieved.
He emphasized that the swift formation of a new government and strong investment momentum are crucial factors that could return economic growth to its potential, building on earlier “Quick Big Win” stimulus measures that continue to yield long-term benefits.
Recent economic data have bolstered confidence among policymakers and stakeholders. In 2025, Thailand’s GDP grew 2.4%, with nominal GDP approaching THB 19 trillion, reflecting improved income levels and a stronger economic finish in the year’s last quarter.
The Office of the National Economic and Social Development Council (NESDC) reported quarterly GDP growth of 2.5% in 4Q25. Key drivers included private consumption growth of 3.3% and an 8% surge in total investment, the highest growth rate in years. Major stimulus programs such as “Half-Half Plus” and “Tiew Dee Mee Khuen,” along with increased state welfare disbursements, provided meaningful support.
Looking forward, Ekniti highlighted plans to boost private sector investment by removing regulatory hurdles and launching facilitation mechanisms like the Thailand Fast Pass and BOI Fast Pass in partnership with the Board of Investment (BOI). These measures aim to accelerate both domestic and foreign direct investment (FDI).
The government also aims to amend laws that limit investment, further supported by Standard & Poor’s affirmation of Thailand’s stable credit rating—signaling ongoing confidence in the country’s fiscal discipline and fundamentals.
Despite progress, Ekniti acknowledged the challenges ahead, especially as Thailand has been labeled the “sick man of Asia.” He stressed the need for unity, policy continuity, and disciplined fiscal management to drive quality and inclusive growth. Implementation of future stimulus programs will proceed when the government’s new structure and policies are clear.
Meanwhile, NESDC Secretary-General Danucha Pichayanan announced a modestly improved 2026 GDP growth forecast of 1.5%-2.5%, up from 1.2%-2.2%. Growth is expected to be supported by continued expansion in consumer spending and private investment, increased government budget allocations, tourism recovery, and favorable agricultural conditions.
Particularly, private consumption and investment are forecast to grow 2.1% and 1.9%, respectively, exports by 2.0%, with inflation projected between -0.3% and 0.7%, and a current account surplus of 2.4% of GDP.
