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Bangkok Post
Bangkok Post
Business

Thailand's inequality remains entrenched

A homeless man sleeps on a pavement opposite Hua Lamphong railway station. Thailand's economic disparity has widened despite GPD growth over the last 14 years, with the number of people living in poverty not having significantly decreased. (Photo: Pawat Laupaisarntaksin)

The Thai economy is suffering from widening inequality, with the proportion of poor people still hovering at 6-8% of the total, particularly in the agricultural sector.

The latest study conducted by the Trade Policy and Strategy Office (TPSO), the Commerce Ministry's planning unit, also found factors such as the transition to a digital economy, an ageing society, the pace of the economic recovery after Covid-19, and climate change all contributing to rising inequality.

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