Thailand's economy demonstrated robust growth in the second quarter of 2024, as the Gross Domestic Product (GDP) increased to 2.3%, according to the latest data updated on August 19, 2024. This marks a significant improvement from the previous quarter, where GDP growth stood at 1.5%.
The year-over-year comparison reveals a strengthening economic momentum, with the current figure marking a noticeable uptick from the same period last year. The first quarter's 1.5% growth, in comparison, had depicted a more conservative pace of economic expansion.
This acceleration in GDP growth highlights a period of renewed vitality for the Thai economy, likely driven by sectors such as tourism, manufacturing, and domestic consumption. Analysts will now be closely watching the third quarter for sustained or improved growth patterns.
