The Impact of Thai Floods and Thailand's Economy in 2012

摘要

The devastating floods that ravaged Thailand in 2011 have social and economic impact on the country. There is no official announcement of the cost of flood damage. However, Fiscal Policy Research Institute, Ministry of Finance reported that total opportunity loss from the impact of the floods was 190,743 million baht; 20% of which was the loss in agricultural sector, 57% in industrial sector and 23% in service sector.On the other hand, the office of the National Economic and Social Development Board remarked that total estimated loss was 248,386 million baht and 12% of which occurred in agricultural sector, whereas the impact on industrial sector and service sector was 64% and 24%, respectively. Meanwhile, World Bank reported much higher cost of damage, at 557,007 million baht; 92% of which was in industrial sector.