Bangkok, July 3, 2025 – The World Bank has released its latest Thailand Economic Monitor titled "Digital Pathways to Growth," highlighting the potential of digital transformation to enhance Thailand's competitiveness, job creation, and long-term economic growth amidst global uncertainties.
Thailand's GDP growth is projected to slow down to 1.8 percent in 2025 and further to 1.7 percent in 2026 due to recent shifts in global trade policies, declining exports, reduced consumption, and a gradual recovery in tourism. However, with improved investment sentiment, GDP growth could increase to 2.2 percent in 2025 and 1.8 percent in 2026.
Kiatipong Ariyapruchya, World Bank Senior Economist for Thailand, stated: “Despite global headwinds, strong performance in the first quarter of 2025 provided a temporary lift, largely thanks to accelerated exports ahead of trade policy uncertainty.” He emphasized that maintaining macroeconomic stability and pursuing deep trade partnerships can help Thailand capitalize on changing market dynamics.
The report identifies digital technology as a catalyst for growth that can create jobs, improve services, and boost productivity during uncertain times. Melinda Good, World Bank Division Director for Thailand and Myanmar, noted: “As Thailand prepares to host the World Bank Group-IMF Annual Meetings in 2026, digital transformation is one of the flagship areas of discussion.”
Thailand's digital economy contributes approximately six percent of its GDP and ranks as the second largest in the ASEAN region. Key sectors such as financial services, digital payments, fintech, software development, and engineering have experienced rapid job creation over the past decade.
With nearly universal mobile internet coverage and advanced digital public infrastructure like ThaID and PromptPay systems supporting financial inclusion and e-commerce expansion post-COVID-19 pandemic at an annual average growth rate of ten percent.
Jieun Choi, World Bank Senior Economist for Digital said: “Digital technology can open new markets, driving competitiveness and economic diversification.” She stressed that closing gaps in high-quality data infrastructure and enhancing digital skills are crucial for unlocking this potential.
The report recommends priority actions to accelerate digital adoption across various sectors including MSMEs (micro-small-medium enterprises), e-commerce health finance while calling for coordinated policies expanding broadband protecting data promoting innovation.