Fiscal Policy Office trims 2025 GDP growth forecast to 2.2%Listen to this articleThe Fiscal Policy Office (FPO) cut its GDP growth forecast for 2025 to 2.2% from 2.4%, while maintaining its 2026 projection at 2%, supported by tourism and private sector investment. For GDP in 2026, growth is expected to be driven by the tourism sector, with foreign arrivals projected at 35.5 million, up 7% from 32.9 million visitors last year. Second, the exchange rate is projected to average 32.9 baht per dollar in 2025, and 32 baht per dollar in 2026. Fifth, government consumption last year was projected at 3.16 trillion baht, down 1.9% year-on-year, while 2026 spending is expected to rise to 3.25 trillion baht, up 2.7%. Public investment spending in 2025 is estimated at 1.14 trillion baht, up 7.3% year-on-year, while 2026 spending is projected at 1.13 trillion baht, down 1.5%.

Source: Bangkok Post January 28, 2026 04:17 UTC