Thailand's Economy: May 2025 Data and Outlook

Originally published 2025-05-26. Translation and editorial review: 14 October 2026. Market figures refer to the original reporting period.

Thailand's Economy: May 2025 Data and Outlook

Economic indicators	Latest information	Trends and Impacts
GDP (Q1/2025)	grew by 3.1%.	Growth slowed from the previous quarter. It reflects a recovery that is not yet complete. especially from weak private consumption and investment.
Inflation rate (CPI)	-0.22% (April 2025)	Inflation is negative for the first time in 13 months, reflecting weak domestic demand. Even though the Ministry of Commerce confirms that Thailand has not yet entered a deflationary state.
Policy interest rate	2.00% (reduced on Feb. 2025)	The Bank of Thailand cuts interest rates to stimulate the economy. amid risks from a global economic slowdown and trade uncertainty.
Unemployment rate	0.8% (Feb 2025)	The unemployment rate is low, however, it is likely to increase in April-June 2025, according to Ministry of Labor forecasts.
Trade Balance (April 2025)	Deficit $3.3 billion .	Huge increase in imports leads to higher than expected trade deficit. This may put pressure on the baht in the short term.
Retail sales	Insufficient data.	Data on April 2025 retail sales are not sufficient for trend analysis.
Manufacturing PMI	49.5 (April 2025)	PMI index falls below 50 level, indicating contraction in the manufacturing sector. This may reflect decreased confidence in the business sector.
Consumer Confidence	55.4 (April 2025)	Consumer confidence fell for the 3rd consecutive month, lowest in 7 months, reflecting concerns about the economic situation and the impact of the trade war.

🔍 Analysis of Thai economic trends in the second half of 2025.

• Slowing growth: Although GDP in the first quarter expanded 3.1%, it is likely to slow down in the second half of the year, with SCB EIC expecting GDP in the second half of the year may grow on average less than 1%. SCB EIC+2Facebook+2Dimension Stocks | Clearly points out every investment+2 www.facebook.com

• Low Inflation: Negative inflation in April. reflects weak demand This may encourage the Bank of Thailand to consider a more accommodative monetary policy.

• Trade War Risk: Higher trade deficit and trade war uncertainty. Especially with the United States It may affect exports and economic growth in the future.

• Manufacturing and Confidence: PMI index below 50 and falling consumer confidence. This reflects weakness in the domestic production and consumption sectors.

“Thai economic figures at the start of 2025 reflect the fragility and challenges that lie ahead. Close monitoring and analysis of data will be key to preparing for future uncertainties.”

#Thai Economy2025 #Economic trends #Economic Analysis #ProjectCWF