Thailand's digital economy is expected to grow this year

Thailand's digital economy GDP is projected to grow by 7.3 per cent and reach 4.85 trillion baht (US$144.4 billion) annualised in 2025, which is 2.6 times higher than the country's overall GDP growth forecast of 2.8 per cent. This was reported by the Ministry of Digital Economy and Society.

Wetang Phuangsap, acting Secretary-General of the Digital Economy and Society Commission, stated that the digital economy is rapidly expanding and is one of the sectors consistently supporting the country's economy.

The expected growth in digital investments this year is attributed to the government's policies aimed at attracting investments, particularly foreign direct investments in data centres, manufacturing technologies, electronic components, and other digital products, reported by Vietnam News Agency (VNA), a partner of TV BRICS.

The Thai government aims to stimulate the economy through the development of digital technologies, including cloud services, data centers, and artificial intelligence (AI). Public digital consumption is expected to increase by 4.3 per cent due to the growth of online services. The export of digital goods and services is projected to rise by 5.5 per cent, driven by demand for electronics, the growth of the electric vehicle industry, and the increasing use of online platforms by tourists for booking services.

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