Table 8: Tourism Earnings & Growth
Unit: Million USD
2004
2005
Q1
Q2
Q3
Q4
Q1
Q2
Q3e
Q4p
Tourism Earnings
2,745
2,109
2,374
2,829
2,575
2,202
2,421
3,090
Percentage change of tourism
earnings: year on year
25.1
68
26.5
11.9
 6.2
4.4
2
9.2
Source: Balance of Payments, Bank of Thailand
e = estimated
p = projection
While the loss in tourism related income is estimated
assistance of USD 146.1 million to tsunami affected
to be around USD 15 million, about USD 267.8 million
households and businesses.  In addition, bank loans of USD
of income from fishing and fisheries were also lost due
925.8 million have been extended to businesses.   These
to the damage to fishing boats and hatcheries.  These
add up to around 0.6 percent of GDP.  This helped to
losses add up to roughly 0.15 percent of GDP.
offset the negative impacts of the tsunami to around
0.4 percent of GDP.
Almost USD 1.1 billion of tsunami relief funds have
been provided so far and have helped to mitigate the
above impacts.   As of October 2005, the RTG had provided
Considering the sectoral impact, both in terms of damage
to assets, and production losses, the tourism sector is
Table 9: Summary of Net Impact of the Tsunami
the most affected, followed by fisheries and aquaculture,
on Thailand s 2005 GDP Growth
and housing.
21
USD
As % GDP
Considering the spatial impact for the entire affected
I  Negative Impact (1+2)
1,729,315,802
1,729,315,802
region, the magnitude is equivalent to one half of the
combined Gross Provincial Product (GPP), a very high
1. Tourism Losses
1,446,871,196
1,446,871,196
ratio overall, but especially so in the case of Phuket,
2. Decline in individual s
where the magnitude of damage and losses equals
income / consumption
90% of GPP, and Krabi and Phang Nga, where the
from
282,444,607
282,444,607
(a) Loss in tourism 
magnitude is around 70%.
22
related incomes
14,609,204
14,609,204
(b) Loss in fishing /
fisheries income
267,835,403
267,835,403
Tourism
II  Mitigation Impact  
The tourism sector was the most affected by the tsunami
Reconstruction & Relief
1,068,176,284
1,068,176,284
(a) Assistance from
in pure economic terms, given that the six affected
Government
147,601,656
147,601,656
provinces generated 17% of total tourism revenue for
(b) Bank credits
920,574,629
920,574,629
Thailand in 2004.   The tsunami destroyed or damaged
I
III  Net impact
661,139,518
661,139,518
M
25% of total room capacity in the six provinces.   Year
A
on year comparison of tourism figures from January
N
Source: Bank of Thailand, Office of the National Economic and Social
U
Development Board, DDPM, World Bank staff estimations
S
to June showed a 53% drop in tourist arrivals in the
 TE
Assumptions:
affected provinces.
23
H
1.
Assume 20,000 people lost jobs for 3 months. Average
 TF
income for each is USD 243.5.
Latest figures show revenue losses from tourism at
 O
2.
Assume fishing revenues are reduced by half this year from
T
the damages on fishing boats and hatcheries.
USD 1.4 billion,
24
  as the recovery in the tourism sector
CAP
 IME
21
H
 ADPC report, August 2005
 T
22
 ADPC report, August 2005
 1
23
T
 Tourism Authority of Thailand (TAT), January 2005
R
24
 Table 9
PA
19
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