Ekniti Declares Thai Economy Out of ICU, Predicts Strong 3% Growth This Year

Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas revealed that Thailand's economic figures for Q4 2025 expanded by 2.5%, resulting in a 2.4% annual growth, exceeding many expectations. The Nominal GDP nearly touched 19 trillion baht, reaching approximately 18,977,000 billion baht, which is about 300 billion higher than projected. Private consumption grew by 3.3%, the highest quarterly growth, driven by government measures like the 'Half-Half Plus' and 'Good Travel' programs. Total national investment saw a significant 8.1% expansion, with government investment growing 13.3% and private investment rising to around 6.5%. Ekniti emphasized that the economy has emerged from its economic slump, highlighting the BOI Fast Pass investment measures that are attracting both domestic and foreign investments. The current account balance is surplus at 3.1% of GDP, and the government maintains fiscal discipline. For 2026, the economy is expected to grow at least 2%, with potential to reach over 3% if positive momentum continues and investor confidence remains strong. Ekniti metaphorically stated, 'From being seen as Asia's patient, we've now removed the patient from the ICU and are working to make them strong again.'