Tailandia Tasso di Crescita annuale del PIL

Thailand’s GDP grew 1.2% yoy in Q3 2025, notably slowing from 2.8% in Q2 and missing market expectations of 1.6%. It was the slowest yearly expansion since Q3 2021, weighed down by sluggish factory output, softer tourism activity, and rising concerns over the impact of higher U.S. tariffs. Fixed investment growth eased sharply (1.1% vs 5.8% in Q2), while government spending declined (-3.9% vs 2.2%), and private consumption growth remained steady (at 2.6%).On the external front, both exports (6.9% vs 11.2% in Q2) and imports (4.6% vs 10.9%) grew at a slower pace, though net trade still contributed positively to GDP. The moderation in export growth reflected the drag from newly imposed U.S. levies. Production-wise, output growth slowed in both agriculture (1.9% vs 6.4%) and non-agriculture (1.2% vs 2.5%). For the first three quarters of the year, the economy expanded 2.4%. The government also trimmed its 2025 GDP growth forecast to 2.0% from a previous range of 1.8%–2.3%.