Thailand's economy demonstrated unexpected strength in the third quarter of 2024, with a gross domestic product (GDP) increase of 3.0% compared to the same period last year. This growth was primarily fueled by a rise in exports and increased government spending.
The National Economic and Social Development Council reported that this growth rate surpassed the median forecast of 2.4% as estimated in a Bloomberg News survey. The government is considering additional stimulus measures to maintain this positive economic momentum.