The contribution of manufacturing to Thailand's GDP has been on a steady decline over the past decade, dropping from 27.74% in 2013 to 26.65% in 2023. The year-on-year variation from 2022 to 2023 was -0.37%, reflecting a continuing downward trend. The CAGR over the last five years is -0.34%, indicating an average annual decrease. The forecasted data shows this trend persisting, with the contribution expected to fall to 26.08% by 2028, equating to a -1.7% growth rate over the next five years.
Future trends to watch for include technological advancements and digital transformation within the manufacturing sector, increasing automation, and evolving supply chain strategies, which may potentially stabilize or reverse the declining contributions to GDP.
