Drought costs Thailand 119 billion baht

By Editorial
Posted in News from Thailand
Tags: ,
March 26 2016

The drought in Thailand is not an ecological disaster but also an economic disaster. According to the University of the Thai Chamber of Commerce (UTCC), the drought will cost 119 billion baht, or 0,85 percent of gross domestic product.

The agricultural sector is the hardest hit with damage amounting to 77,9 billion baht; the industry and services sector lose 41,4 billion baht.

The UTCC has subsequently sharply revised its forecast for economic growth this year from 3 to 3,5 percent to 2,7 to 2,9 percent. Possible government incentives can have a positive effect on the percentages.

Much depends on the start of the rainy season. If this is done in time, the damage can be somewhat limited, but if the rainy season starts late, the economic losses will be greater. Then the most important rice harvest will be endangered, while the industry and services sector will also be affected.

The current situation regarding the drought remains worrying. The water level in the large reservoirs has not been this low in 40 years, not only because of the drought, but also because of the increasing demand for water.

Source: Bangkok Post

9 Responses to “Drought costs Thailand 119 billion baht”

  1. Joop says up

    Everyone knows it, but with so many people on our globe we will have to accept that water belongs to everyone. A private swimming pool and other luxuries will therefore have to be banned. Not everything has to be bought with money.

    • peter says up

      it is easy to say that eg a private swimming pool should be banned
      Once filled, the water in principle never needs to be changed
      There are so many other measures that can be taken, such as reuse, etc
      In southern Spain this water is used for watering parks and golf courses
      More rainwater harvesting could also be considered
      Enough water comes down during the rainy season. Plenty of options
      to get through a drought period like this without any problems

  2. Tino Kuis says up

    In the past two years, income in the agricultural sector, which employs 25 million Thais, has fallen by 30 percent due to declining production and falling prices. (Bank of Thailand figures).

  3. T says up

    If you are bad for nature, nature will slowly turn against you, I think that is what is happening in Thailand and many other countries right now.

  4. Chiel says up

    In recent years, the rainy season has been 2 months shorter.
    This need not be a problem if more water is stored.
    If 80% of the rain runs into the sea during the rainy season, you have to make sure that more is stored.
    In many places the lakes are already being made deeper.
    The amount of water under the ground has remained the same, but it costs money to pump it up.

  5. Nico says up

    What if Thailand starts educating its inhabitants to stop wasting water?

    In the morning (even after a rain shower) do you see several neighbors with me, watering plants and then making the street totally unnecessarily wet?

    You also see the council workers watering plants and grass in the middle of the day (hottest of the day), while everyone knows that it is very bad for plants (a drop forms a magnifying glass in bright sun and burns the leaf or fruit) . + most of the water evaporates before it reaches the roots.

    Then also Songkran and walla the problem is solved, until they get sober, that is.

    The best solution is; making as many retention basins as possible, possibly from agricultural land, is also better when there is too much water.

    But who am I……….

    Greetings Nico

  6. william says up

    When I see (in the isaan) how many trees are cut down, and there are less and less shadow places,
    Doesn't seem conducive to nature either. If you drive criss-cross through a large part of Thailand, it seems like you are driving in circles, many barren plains. Many Thais do not have their cars maintained, resulting in a lot of harmful emissions (the same goes for scooters). But I'm learning more and more about the Thai people, they don't take anything from you, they go their own way, and they certainly don't give in.

  7. Paul says up

    How about purifying waste water.. Dutch water from water treatment plants is even better than drinking water. Thailand has 1 installation to purify water. How can you build new basins if it doesn't rain enough. and how do you re-educate a thai? Large children's pools of 4 by 3 m are still being filled. And 5 days later the water is green and it is refilled again. While the municipalities are sending out flyers that there is a major water shortage. they don't care.
    slogan in thailand is, we live today, tomorrow we will see further

  8. John says up

    Hello everyone, what Joop is telling nonsense about the prohibition of swimming pools.
    It's the best you can have, and indeed it never needs to be refreshed.
    And the best thing is that you have enough water if there is one
    fire must be extinguished hahaha!,,


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