The National Economic and Social Development Council (NESDC) has announced that Thailand's GDP growth in the third quarter of 2024 at 3%, with the economy expanding by 2.3% over the first nine months of the year.

The growth in Q3 was driven by a recovery in public investment, which expanded for the first time in six months, alongside strong performances in exports, government consumption, and various sectors. Private consumption grew by 3.4%; service spending increased by 6.5%; the construction sector expanded by 15.5%; exports of goods and services rose by 10.5%; and imports grew by 9.6%.

In 2024, tourism revenue from international visitors is expected to reach 1.5 trillion baht, with further growth anticipated next year. The economy shows stability, as well; Thailand's unemployment rate stands at 1.02%, the inflation rate at 0.6%, the current account balance at USD 2 billion, and international reserves at USD 243 billion. As of September 2024, public debt was reported at 11.63 trillion baht, equivalent to 63.3% of GDP.