Connect with us


Economy to lose billions of baht from Covid-19 lockdown – Kasikorn Research Centre

Caitlin Ashworth




The economy will lose billions of baht following the Covid-19 outbreak in Samut Sakhon, just southwest of Bangkok, according to Kasikorn Research Centre. Shutting down the seafood industry in the province, calling off New Year parties in Bangkok and trips being cancelled due to virus fears will cost the economy a total of at least 45 billion baht over the next month, according to the research centre.

Samut Sakhon is responsible for 40% of Thailand’s seafood. But with the province on lockdown until January 3, the centre estimates the fishery and seafood industry could lose 13 billion baht. Calling off New Year countdown celebrations in Bangkok and other areas around the outbreak cluster could cost the economy another 15 billion baht, the centre says.

“It is estimated that people in these areas would have spent around 15 billion baht on New Year parties, dining out and gifts.”

Many people are now cancelling their hotel bookings due to the recent cases. The centre estimates 17 billion baht, about 30% of the total tourism income in 1 month, could be lost.

From another perspective, the adviser at the University of the Thai Chamber of Commerce’s Centre for Economic and Business Forecasting, Thanawat Polwichai, says the lockdown and shut down of seafood markets in Samut Sakhon will cost the province 1 billion baht each day.

“Ultimately, the provincial lockdown will affect the whole Thai economy – at 45 billion baht to 46 billion baht per month, or 0.2 to 0.3% of the country’s GDP…However, if there is a countrywide lockdown similar to early this year, the GDP would take a hit by at least 12%.”

SOURCE: Nation Thailand

Catch up with the latest daily “Thailand News Today” here on The Thaiger.


Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram


Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.



  1. Avatar

    Toby Andrews

    Wednesday, December 23, 2020 at 2:46 pm

    Yes but look how many scrimps lives will be saved!

    • Avatar


      Wednesday, December 23, 2020 at 4:35 pm

      Dont forget the lobsters!

      • Avatar

        Toby Andrews

        Wednesday, December 23, 2020 at 6:41 pm

        David Attenborough will be very pleased.

  2. Avatar

    Issan John

    Wednesday, December 23, 2020 at 2:46 pm

    At 0.2% of the country’s GDP per month, realistically it’s cheap at the price compared to losses in the West and Thailand is, deservedly, getting off lightly as a result.

  3. Avatar

    Jitendra Bahubali

    Wednesday, December 23, 2020 at 2:55 pm

    Thailand: Prepare to brace covid-19. You have to live around covid-19. Accept the new normal and get on with it. This paranoia will not help. Humans again and again are tested in history of evolution. You are the most scared of them all…FIGHT BACK

  4. Avatar


    Wednesday, December 23, 2020 at 10:33 pm

    Not sure why people worry about covid so much. According global statistics 99% effected are in mild condition, and they can recover on their own.

  5. Avatar

    James Pate

    Thursday, December 24, 2020 at 4:53 am

    1% of the earth’s population is around 76 million people. Suppose you or someone you love is in the 1%. Now you got it?

Leave a Reply

Your email address will not be published. Required fields are marked *

Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

Follow Thaiger by email:

Best of2 hours ago

Phuket’s 5 most family-friendly resorts

Transport2 hours ago

Transport Company announces bus services are suspended until August 31

Thailand5 hours ago

Thailand News Today | 29 provinces now on curfew, booze ban in Phuket

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Insurgency5 hours ago

Volunteer ranger killed in grenade attack by suspected insurgents

Best of5 hours ago

Top 5 Spas in Koh Samui

Thailand5 hours ago

Hemp ice cream hits the Thai market

Join the conversation on the Thaiger Talk forums today!
Chon Buri6 hours ago

Chon Buri sets local order, restaurants in malls to only offer food for delivery

Thailand6 hours ago

Samut Prakan man dies in fire, possibly self-inflicted

Thailand7 hours ago

Royal Thai Police say bitterleaf can’t cure Covid

Coronavirus (Covid-19)7 hours ago

Tuesday Covid Update: 18,901 new cases, provincial totals

Thailand8 hours ago

Air Asia technician arrested for allegedly stealing electronics

Pattaya8 hours ago

“Pattaya Move On” reopening likely to be postponed as Covid cases surge

Thailand8 hours ago

3 metre long python caught near family’s house in Phuket

Thailand10 hours ago

Government says not to buy Favipiravir/Avigan online, says it might be fake

Phuket10 hours ago

Phuket bans alcohol sales at restaurants, issues order amid rise of Covid cases

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand7 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand7 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8