What impact did the 2004 tsunami have on Thailand?

The popular tourist resort of Phuket was badly hit. Some 250 people were reported dead, including tourists. The tsunami struck the west coast of Phuket island, flooding and causing damage to almost all the major beaches such as Patong, Karon, Kamala, and Kata beach.

How much did it cost to rebuild after the 2004 tsunami in Thailand?

The disaster generated a massive aid and reconstruction program, with around 463 non-government organisations and agencies spending around $7.5 billion. This made post-tsunami Aceh one of the largest reconstruction projects in the developing world.

How did the tsunami affect the economy of Thailand?

They are not economic losses. The substitution effect can be easily illustrated by using the case of tourism impact. As Tsunami affected mainly the coastal areas of the 6 provinces in South Thailand, a major impact is represented in terms of losses of hotel and tourism businesses.

What was the economic impact of the 2004 tsunami?

It created a tsunami that expanded over the Indian Ocean and affected the coastal areas of many countries in Asia and Africa. Estimates of the economic and social impact of the disaster were undertaken under the leadership of the World Bank in Indonesia (1), Sri Lanka (2), Maldive Islands (3), and India (4).

Where was the tsunami in Thailand in 2004?

Massive Tsunami Waves in Thailand,2004 Burke,A. (2012) Thailand’s Islands and Beaches, Lonely Planet Publications, Australia. Karan, P.P. and Subbiah, P.S. (ed.) (2011) The Indian Ocean Tsunami: The Global Response to a Natural Disaster, The University Press of Kentucky, United States.

Is there a macroeconomic impact on Thailand?

In Thailand, however, only individual sector assessments as well as preliminary global assessments of the macroeconomic impact were carried out by different government institutions, in some cases with assistance from international organizations5. Thus, no comprehensive assessment is available for the entire Thailand nation.