OECD – Ecoscope (Economics blog)

Raising Thailand’s Productivity Through Regulatory Reform

Thailand’s labour productivity has stalled, averaging just 2.1% growth from 2015 to 2023, down from 3.7% in the 1990s‑2010 period. OECD product‑market regulation (PMR) scores rank the country among the most restrictive economies, with a 2.4 rating – the fourth highest of 47 nations. The OECD Economic Survey flags regulatory bottlenecks in foreign investment, state‑owned enterprise oversight, and anti‑corruption as key reform targets. Addressing these could revive innovation, competition and help Thailand reach its high‑income goal by 2037.