rki.news | Sources Xinhua
BANGKOK, Sept. 3 — Thailand can speed up its transition to a high-income, innovation-driven economy by boosting productivity among businesses, workers and regions, the World Bank said Thursday.
The bank made the remarks in a new report, “Building Thailand’s Future Today,” launched at the Bangkok Business Summit 2026. The report outlines a roadmap as Thailand prepares to host the International Monetary Fund and World Bank Group annual meetings next month.
According to the report, stronger productivity driven by technology adoption, innovation, better skills, higher domestic value added and competitive firms could help Thailand achieve the 5.4 percent annual GDP per capita growth needed to reach high-income status by 2037.
The World Bank identified two priorities: moving toward higher-value economic activities and increasing dynamism among firms, people and cities.
It also highlighted five industries where Thailand has comparative advantages: advanced manufacturing, sustainable and wellness tourism, digital services, agrifood and creative industries.
“Thailand’s high-income ambition is within reach, but getting there will require a new phase of higher-value growth,” said Carlos Felipe Jaramillo, World Bank vice president for East Asia and Pacific
Thailand Can Reach High Income Through Faster Productivity Growth
