Thailand Flood 2011: Impact of Natural Disaster on the Economy
The 2011 Thailand flood was in fact a series of floods that devastated the country. It was caused by the heaviest seasonal monsoon rains in 50 years in July-September 2011 in the northeastern, northern, and central Thailand provinces, from where water through the lowlands of central Thailand came to the national capital Bangkok.
According to the official data, during the Thailand flood 2011 timeline, the flood has affected 65 out of 76 provinces of Thailand, and more than 13 million people were affected by it. Seasonal rains, which peak in August and September, cause minor flooding in Thailand every year. Catastrophic seasonal flooding, unprecedented in the past 50 years, began in Thailand on July 25.
The water, which overflowed due to the early and abnormally heavy seasonal rains, overflowed the irrigation reservoirs in the north and the northeast of the country. Moreover, it poured from the mountain valleys in the north of Thailand to the low-lying central provinces.
The province of Ayutthaya, 60 kilometers from the present capital Bangkok, where the ancient capital of the Thai state of the same name is located, was completely flooded in the middle of October. The capital of Thailand, Bangkok, was also hit by the flood in Thailand 2011: under a layer of water, up to one and a half to two meters were large sections of city blocks and cottage settlements.
Victims of the Thailand Flood, 2011
The number of victims of the flood in Thailand exceeded the mark of 700 people, such statistics were given by the country’s government officials. According to the authorities, so far at least 708 people have become victims of the country’s largest flood in decades. The Natural Disaster Prevention Center of the Thai Interior Ministry collected statistics from the provinces affected by flood 2011 Thailand.
The main causes of casualties at the beginning of the flooding were landslides, mudslides, and the instant flooding of settlements with water flowing down from the higher ground. More than 1.3 million people sought medical attention, of whom 70 percent were diagnosed with ringworm. 150,000 people were made homeless, 9.5 million people were otherwise affected, and 700,000 people were made unemployed by the flooding of 15,000 businesses.
The flooding caused the spread of diseases. Diarrhea and respiratory infections are spreading in tent camps, about 100 cases of skin and fungal infections have been reported in Thailand. Viral infections such as dengue fever, eye infections, and other infections leading to diarrhea and dehydration were spreading.
The King of Thailand sees the cause of the 2011 Thailand flood in the greed of officials. The greed of government officials, who for years allowed bribes to cut down forests on the slopes of northern Thailand’s mountains and central valleys, was the main cause of Thailand’s catastrophic flooding. They were accompanied by landslides and mudslides, said King Bhumibol Adulyadej, King of Thailand.
One of the interesting Thailand flood 2011 facts was that the king himself was hospitalized with a lung infection. Fortunately, doctors were able to cure the king completely. After his recovery, the monarch advised cabinet ministers to pay special attention to forest planting and reforestation of both fast-growing softwoods and hardwoods, which grow much slower.
Impact of 2010-2011 Thailand Flood on Economy
Damage from Thailand’s worst flooding in 50 years was estimated at 1.36 trillion baht, or $43.3 billion at the time. Such statements were made in late 2011 by the director of the World Bank in the country, Annette Dixon.
She said the damage caused by flood big Thailand 2011 from the destroyed homes, factories, and other buildings was estimated at 600 billion baht (about $20 billion), and the losses from stalled production of various goods were 700 billion baht ($22.3 billion). Water destroyed hundreds of roads and flooded thousands of businesses. Hundreds of thousands of people were left jobless. Thailand’s economy has also been similarly battered. In 2011, GDP was +2.4%, although previously GDP growth was expected at 3.6%. At the same time, economic growth was already accelerated in 2012, thanks to the government’s efforts to rebuild after the the Thailand flood in 2011. About 460 Japanese companies, including Toyota, Suzuki, Honda, Canon, and Nissan, were affected by the disaster and had to reduce or temporarily stop production at their factories in Thailand.
The Thailand 2011 flood had inundated several industrial areas where hard drive and disk manufacturing plants are located, causing a shortage of disks and hard drives in the global market. In 2011 the shortage of hard drives in the world market amounted to 60-80 million units, while demand for 180 million hard drives at the end of 2011, prices of hard drives have increased by 15% to 70%. Agriculture was severely affected: 1.5 million hectares of farmland were flooded, and 12.5% of Thailand’s rice fields were destroyed. On October 26, 2011, Thailand’s second-largest airport Don Mueang was flooded.
The flooding also severely affected tourism in the country, as international traffic to Thailand was suspended. After the flood, the country spent a couple of months reconstructing infrastructure and repairing hotels. A cumulative loss of $900 million due to a decline in international and national tourism was recorded in Thailand.
Such a terrible natural disaster was experienced by Thailand 10 years ago. Stay tuned, because there will be more interesting and useful things to come!