{"id":507164,"date":"2026-06-23T13:01:17","date_gmt":"2026-06-23T13:01:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/507164\/"},"modified":"2026-06-23T13:01:17","modified_gmt":"2026-06-23T13:01:17","slug":"thailand-eyes-high-income-status-within-12-years","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/507164\/","title":{"rendered":"Thailand eyes high-income status within 12 years"},"content":{"rendered":"

The Thai government and the private sector have agreed to develop an economic roadmap with short-, medium- and long-term objectives aimed at strengthening the country\u2019s growth potential, Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas was quoted by local media as saying after a meeting of the Joint Public and Private Sector Consultative Committee on Monday.<\/p>\n

Ekniti said the long-term goal is to help Thailand escape the “middle-income trap” and attain high-income status within 12 years. In the medium term, the government aims to raise the country\u2019s economic growth potential from around 2.7% currently to above 3% and place it among the world\u2019s top 20 most competitive economies by 2030.<\/p>\n

To achieve these goals, the government has adopted a development strategy centered on three key priorities: maintaining macroeconomic stability and fiscal discipline; developing infrastructure and human resources; and promoting sectors in which Thailand holds competitive advantages.<\/p>\n

Growth drivers identified under the strategy include high-value agriculture and food processing, next-generation vehicle manufacturing, smart electronics integrated with artificial intelligence, health care and pharmaceuticals, wellness tourism, international trade<\/a> and the creative economy.<\/p>\n

\"Bangkoks<\/p>\n

Bangkok’s skyline is photographed during sunset, July 3, 2023. Photo by Reuters<\/p>\n

Danucha Pichayanan, secretary-general of the National Economic and Social Development Council, said Thailand must accelerate economic restructuring if it wants to become a high-income country.<\/p>\n

He noted that Thailand\u2019s per capita income currently stands at around US$8,000\u20139,000 per year, well below the approximately $15,000 threshold generally associated with high-income economies.<\/p>\n

According to Danucha, Thailand will need to raise its economic growth potential to around 5.5% and maintain annual GDP growth of about 5% in order to achieve high-income status within the next 12 years. He emphasized that stronger public-private cooperation, increased investment and institutional reforms would be critical to the country\u2019s economic restructuring efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"The Thai government and the private sector have agreed to develop an economic roadmap with short-, medium- and…\n","protected":false},"author":2,"featured_media":507165,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46,233091],"class_list":["post-507164","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel","tag-thailand-eyes-high-income-status-within-12-years-vnexpress-international"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/507164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=507164"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/507164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/507165"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=507164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=507164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=507164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}