The Thai government has set a goal of achieving high-income country status within the next 12 years through a strategy developed with the private sector. An interim objective is to place Thailand among the world’s 20 most competitive economies by 2030 while lifting potential economic growth above 3%. The plan prioritises agriculture and food, future transportation, artificial intelligence, digital electronics, healthcare, pharmaceuticals, trade and the creative economy. A programme called Reinvent Thailand will focus on investment, services, workforce development and improving the efficiency of government agencies. Officials also want investment to rise from about 22% of gross domestic product to nearly 30% to provide a stronger engine for long-term growth.
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