NationThailand-Sept 29
Thailand is undergoing the most profound demographic transformation in a hundred years, a change that is already straining its economy and society, while shaking the foundation of its sustainable development path. The warning signs are evident in a sharp drop in the birth rate. In 2024, only about 460,000 babies were born, the lowest figure in more than 70 years. By comparison, between 1963 and 1983, Thailand recorded over one million births annually, peaking at 1.2 million in 1971. This decline reflects a shift in attitudes among younger generations, who are delaying or opting out of parenthood due to a combination of factors, including the rising cost of living, growing workplace competition, and economic uncertainty. Varawut Silpa-archa, former Minister of Social Development and Human Security, described the situation as a “crisis within a crisis,” stressing that Thailand’s demographic crisis is the most pressing and dangerous challenge facing the nation. “This is not just about ageing. It is also about the unprecedented decline in new births, which is happening rapidly and worsening by the year,” he said. By 2033, the proportion of elderly people is expected to surge to 28%, placing Thailand firmly in the category of a “super-aged society.” Without urgent intervention, Varawut warned, the consequences will be far more severe than anticipated. “While the full effects are not yet being felt, they will soon become clear, from the labor market to the nation’s overall income,” the minister cautioned. Read more at:
https://www.nationthailand.com/blogs/business/economy/40056069
