Development Centre

Thailand: Economic and social progress has been remarkable but structural change is needed to create more quality jobs and overcome regional imbalances, according to new OECD report


Bangkok, 9 April 2018 - Thailand has made impressive economic and social progress over the past several decades, but must now take further steps to transform its economy and ensure that prosperity is shared more equally across the country, according to a new report from the Organisation for Economic Co-operation and Development.

The Initial Assessment of the Multidimensional Review of Thailand highlights how sustained, strong growth and a rapidly modernising economy have turned Thailand into an upper-middle income country. Poverty has plummeted from 60% in 1990 to 7% today, while education and health services have considerably expanded and improved, fueling the country’s ambitions to become a high-income country by 2036.

The Review also points out, however, that Thailand is facing a new set of challenges and needs to find new sources of growth to meet them. Policies and investments are needed to reinvigorate economic transformation, create higher quality jobs and provide more opportunities, particularly for the large share of workers in the most vulnerable forms of employment. Social protection remains fragmented and is in need of better funding, according to the Review.

“Thailand finds itself at a critical stage of development,” OECD Deputy Secretary-General Masamichi Kono said while presenting the Review with Kobsak Pootrakool, Minister attached to the Prime Minister’s Office, and Porametee Vimolsiri, Secretary-General of the Office of the National Economic and Social Development Board of Thailand. “Yes, there are challenges, but also multiple opportunities that open up as Thailand strives to pursue a sustainable development path to the benefit of all. It must seek to reinvigorate economic transformation, reduce multi-faceted inequalities and ultimately achieve high-income status. The OECD stands ready to help Thailand design the policies needed to realise these ambitions,” Mr Kono said.

While Bangkok’s success as a metropolis has been key to Thailand’s emergence as middle-income country, thriving secondary cities are now needed to provide new sources of growth and accelerate progress toward more sustainable development. This will require improved public governance arrangements to ensure effective delivery of public services nationwide, as well as a stronger focus on environmental conservation and disaster risk management, particularly with regard to water.

The initial assessment presented in Bangkok will be followed by two further volumes that will deliver in-depth policy recommendations and guidance for policy action to overcome some of Thailand’s key constraints.

More about the OECD Multi-dimensional Country Reviews can be found here:

For more information or to obtain a copy of the report, journalists are invited to contact Lawrence Speer (Tel.: +33 (0)1 45 24 79 70) at the OECD Press Office.

Note to Editors:

The Paris-based OECD is an international organisation that promotes policies to improve the economic and social well-being of people worldwide. It provides a forum in which governments can work together to share experiences and seek solutions to the economic, social and governance challenges they face.

The OECD’s 35 members are: Austria, Australia, Belgium, Canada, Chile, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Latvia, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.

Three countries – Colombia, Costa Rica and Lithuania – have been formally invited to become members of the Organisation and are currently in the process of accession.

The OECD has five Key Partners – Brazil, China, India, Indonesia and South Africa – who contribute to the OECD’s work in a sustained and comprehensive manner, and a number of other countries worldwide, including Thailand, with whom it works closely. Central elements of cooperation include the promotion of direct and active participation in the work of the substantive bodies of the Organisation, adherence to OECD instruments and integration into OECD statistical reporting and information systems.

The Development Centre of the Organisation for Economic Co-operation and Development (OECD) is a special platform for knowledge-sharing and evidence-based policy dialogue where developing countries, emerging economies and OECD member countries interact on an equal footing. The inclusive nature of its membership, coupled with its expertise, helps to find innovative policy solutions to pressing development challenges. More information:



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