Initial Evaluation of the Earthquake’s Economic Impact on Thailand

The March 28, 2025 earthquake’s impact on Thailand’s economy is estimated at THB 30 billion, mainly affecting tourism, real estate, and construction, necessitating ongoing confidence restoration and government support.

Economic Impact of the March 2025 Earthquake

SCB EIC has estimated that the earthquake on March 28, 2025, will have a limited economic impact of around THB 30 billion, primarily affecting the tourism, real estate, and construction sectors. Continuous monitoring will be crucial to gauge the recovery of domestic consumer confidence and the sentiment of international tourists in the aftermath of this event.

Tourism and Real Estate Sector Repercussions

Concerns over safety are expected to cause a short-term decline in international tourist numbers, projected to drop by 400,000 by April. Meanwhile, the real estate sector, particularly condominiums, may experience delayed purchases and transfers, resulting in reduced volumes and a decline in new project launches throughout the year.

Construction Sector and Recovery Recommendations

Most construction activities will continue unhindered, and firms may benefit from restoration projects. As disaster resilience becomes a priority, stricter client requirements are likely to improve construction quality. The government is advised to assist affected individuals and rebuild public confidence through safety inspections and timely communication strategies to mitigate long-term economic damage.

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