There were many impacts of the Queensland floods and , these are broken down into three categories; social, economical and environmental. These impacts will have a great short term and long term affect in the regions.
The economical impacts of the two floods were colossal. Possibly the biggest economic impact in Australia coal, Program director of the Grattan Institute, Saul Eslake believes that $400 million dollars a week lost in the short term. The picture shows Australia’s coal production from May 09 to April 10. The major drop is from the 11th of December to March 11. The coal production went from 25,000,000 tones to under 15,000,000.
Thailand also suffered economic impacts with the cost totalling $33 billion AUD. However unlike the …show more content…
Agforce (the voice for farmers in Queensland) estimates the Agricultural losses to be at $1 billion dollars. Included in this is a range of vegetable crops (potato, lettuce, sweet corn, celery, carrots and brassicas ), cotton, grains, wheat and barley. The food prices rose by up too 30% post the crisis . Similarly Thailand is a major part of the economy, the flooding inundated 740,000 acres are farmland. In the year 2011 the rice exports for Thailand went down 23% which is a loss of $1050 million dollars.
Tourism usually is a major factor in the cost of floods, Queensland tourism was expected to be down for a year while Thailand’s tourist spots were unscathed. Most of the places tourist’s visits are not in central Thailand. NAB predicted that up to $300 million dollars AUD was lost during the floods to Queensland tourism, this includes possible losses in the future.
Infrastructure being destroyed or damaged was problem throughout the periods of flooding. In the Queensland floods than 28,000 properties were inundated with water. Insurance claims for buildings reached $1.5 billion dollars. In the Thailand floods the total price of the losses to households totalled $2.8 billion
The economical impacts of the two floods were colossal. Possibly the biggest economic impact in Australia coal, Program director of the Grattan Institute, Saul Eslake believes that $400 million dollars a week lost in the short term. The picture shows Australia’s coal production from May 09 to April 10. The major drop is from the 11th of December to March 11. The coal production went from 25,000,000 tones to under 15,000,000.
Thailand also suffered economic impacts with the cost totalling $33 billion AUD. However unlike the …show more content…
Agforce (the voice for farmers in Queensland) estimates the Agricultural losses to be at $1 billion dollars. Included in this is a range of vegetable crops (potato, lettuce, sweet corn, celery, carrots and brassicas ), cotton, grains, wheat and barley. The food prices rose by up too 30% post the crisis . Similarly Thailand is a major part of the economy, the flooding inundated 740,000 acres are farmland. In the year 2011 the rice exports for Thailand went down 23% which is a loss of $1050 million dollars.
Tourism usually is a major factor in the cost of floods, Queensland tourism was expected to be down for a year while Thailand’s tourist spots were unscathed. Most of the places tourist’s visits are not in central Thailand. NAB predicted that up to $300 million dollars AUD was lost during the floods to Queensland tourism, this includes possible losses in the future.
Infrastructure being destroyed or damaged was problem throughout the periods of flooding. In the Queensland floods than 28,000 properties were inundated with water. Insurance claims for buildings reached $1.5 billion dollars. In the Thailand floods the total price of the losses to households totalled $2.8 billion