Thailand’s economy expanded by an estimated 3.9% p.a. in 2017, driven by robust exports and tourism. Investment spending is set to strengthen over the coming year as the Thai government prioritises the implementation of national socio-economic reform (Thailand 4.0), which includes stronger spending on infrastructure.
Thailand’s per-capita GDP is above the emerging Asian average, but is below its geographic neighbours Singapore, Brunei and Malaysia. GDP per capita has remained little changed from 2012-2016, however it is forecast to rise above US$8400 by 2022.