Thailand's GDP grew 2.5% in Q2, with economy on recovery path

Exports, tourism power growth despite headwinds of inflation, geopolitical tensions

Tourists and local people play with water during the Songkran holiday in April. Tourism is showing signs of recovery after Thailand lifted COVID-restriction measures, pushing up the country's economy. © Reuters

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

August 15, 2022 11:46 JST

Updated on August 15, 2022 14:07 JST

BANGKOK -- Thailand's gross domestic product grew 2.5% year-on-year in the second quarter, the National Economic and Social Development Council (NESDC) announced on Monday, continuing its course of recovery from the COVID-19 pandemic, supported by hefty exports and the revival of tourism.

After the Thai economy expanded 2.2% in the January-March quarter compared with the same period last year, growth from April to June slightly accelerated.