KKP Research Upgrades Thailand’s 2026 Economic Growth Forecast

KKP Research, part of the Kiatnakin Phatra Financial Group, has revised its economic growth forecast for Thailand. According to a report from Khaosod Online Thailand published on September 17, 2026, the GDP growth projection for 2026 has been increased to 2.5% from the previous estimate of 2.1%. Additionally, the forecast for 2027 has been adjusted upward to 2.7% from 2.2%.

Analysts attribute this positive outlook to two primary factors: the continued strength of the tourism sector and a surge in private investment and exports linked to the global artificial intelligence (AI) capital expenditure cycle. Despite these gains, KKP Research warns that the recovery is exhibiting a 'K-shaped' pattern. While sectors related to AI and electronics are expanding, traditional industries are struggling to keep pace.

For residents and travelers, this suggests a bifurcated economic landscape where high-tech and tourism-related services may see increased activity, while other sectors remain stagnant. KKP Research has recommended that the government focus on upgrading the national value chain to better capture investment and profits domestically. It remains to be confirmed how effectively the government will implement these structural upgrades and whether the K-shaped recovery will narrow or widen in the coming months.