Bangkok, 12 October 2026 – Thailand’s rapidly ageing population and shrinking workforce are placing greater pressure on the country’s growth model, public finances and corporate labour supply. A new regional study classifies Thailand as a post-dividend economy, meaning its working-age population is already contracting before national income has reached advanced-economy levels.
The warning arrives as Asia’s traditional growth drivers become less powerful. Over the past 35 years, the region benefited from abundant labour, manufacturing expansion and deeper global trade. Per-capita income more than doubled between 1990 and 2023, and Asia’s share of global growth rose from about one-quarter in the 1990s to roughly two-thirds today. Demographics now make a repeat of that model less likely.
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