World Bank Lauds Thailand's Nearly $50B Income Growth
Thailand's gross national income grew nearly $50 billion to $562.1 billion in 2025, making it the second-largest economy in ASEAN after Indonesia, according to the World Bank.
Government spokesperson Ratchada Thanadirek revealed that the World Bank's latest report on Gross National Income (GNI) for various countries, including Thailand and ASEAN members, shows Thailand remains among the region's strongest economies. GNI measures the total income earned by a country's citizens and businesses through work, production, business operations, and investments both domestically and abroad, serving as a key indicator for assessing national development levels and overall economic size.
According to World Bank data, Thailand's GNI in 2025 stood at $562.095 billion, an increase of approximately $49.606 billion from 2024, placing it among the highest in ASEAN. Among eleven ASEAN nations ranked by 2025 GNI, Indonesia leads with $1.407 trillion, followed by Thailand at $562.095 billion, the Philippines at $559.930 billion, Singapore at $501.837 billion, and Vietnam at $500.206 billion. Malaysia ranks sixth at $455.977 billion, followed by Myanmar, Cambodia, Laos, Brunei, and Timor-Leste.
The spokesperson stated that these figures reflect Thailand's robust economic base across manufacturing, services, tourism, agribusiness, infrastructure, logistics, automotive, electronics, healthcare, and supply chains connected to the broader ASEAN economy. However, the government remains committed to accelerating growth. Under Prime Minister Anutin Charnvirakul's economic policies, Thailand aims to transform its existing economic capital into a new economic engine through new investments, clean energy, digital technology, semiconductors, trade, wellness services, and high-value industries.
The government is advancing economic development through close collaboration with the private sector via the Public-Private Cooperation Committee to resolve economic challenges. The committee held its first meeting on June 22, 2025, with a second meeting scheduled for July 8, focusing on tracking private sector proposals, removing economic bottlenecks, and converting Thailand's potential into tangible results. "Our goal is to make Thailand's economy grow faster, reach more people, and increase value by leveraging the country's strengths to drive investment, employment, income, and new opportunities for citizens," the spokesperson said.
