Thailand recorded an annual economic growth rate of 2.8% in the first quarter of 2026, outperforming analyst predictions of 2.2%, according to figures released by the National Economic and Social Development Council (NESDC) on Monday. From January to March, the country’s gross domestic product increased by 0.7% compared to the previous quarter after seasonal adjustments, also exceeding market expectations.
The NESDC confirmed its GDP growth projection for 2026, maintaining the range at 1.5% to 2.5%. In 2025, Thailand’s economy had grown by 2.4%, remaining below the pace seen in other countries within the region since the pandemic era.
In its latest statement, the NESDC significantly raised its export growth forecast for 2026 to 9.6%, compared to an earlier estimate of 2.0%. Exports remain a major contributor to Thailand’s economic performance.
