Thailand GDP Rises 2.8% in Q1 2026

Thailand’s economy grew by 2.8% in the first quarter of 2026, up from 2.5% in the previous quarter, according to figures released on 19 May by the Office of the National Economic and Social Development Council (NESDC).

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Government spokesperson Rachada Dhnadirek said Prime Minister Anutin Charnvirakul welcomed the latest GDP data, describing it as evidence of continued economic recovery and proof that the government’s economic policies were moving in the right direction.

The NESDC reported that the agricultural sector expanded by 1.2% in the first quarter, compared with 0.6% in the previous quarter. The non-agricultural sector also improved, growing by 3.0% after recording 2.7% growth in the final quarter of 2025.

On the expenditure side, private consumption continued to grow steadily. Government spending, fixed investment and exports of goods and services also accelerated during the quarter.

Private investment rose sharply by 10.1%, compared with 6.5% in the previous quarter. The increase was driven by higher spending on machinery, equipment and construction projects.

Exports to major markets including the United States, Europe and ASEAN countries expanded during the period. However, exports to Japan and the Middle East declined.

Rachada said the government was preparing to explore new export markets in Africa and the Middle East in an effort to diversify risks and create fresh opportunities for Thai businesses.

She added that new measures would be introduced to reduce production costs for farmers and low-income groups, while also supporting local economies nationwide.

The government said measures under the Emergency Loan Decree would help ease living costs and support economic growth. Planned projects include the “Thais Help Thais” scheme and restructuring in the energy sector aimed at strengthening Thailand’s long-term energy security. Khaosod reported that officials remain confident that Thailand’s economic growth for 2026 will meet the government’s target of around 2%, according to Rachada.

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Adapted by ASEAN Now Khaosod 20 May 2026