Developing Green GDP Accounting for Thai Agricultural Sector Using the Economic Input Output - Life Cycle Assessment to Assess Green Growth

There is no indicator measuring Thailand’s green growth by valuing the resource degradation and environmental damage costs. This article aims to estimate Thailand’s green gross domestic (GDP) that takes into account environmental damage costs with the detailed analysis on the agricultural sector using the Economic Input Output - Life Cycle Assessment (EIO-LCA) approach. The representative product in each sector was selected based on the available life cycle inventory data, economic values and their magnitude of impacts. Here we find that oil palm cultivation (Sector 011 in the economic input-output table), fibre crops (Sector 013), rice cultivation using chemicals (Sector 001), coffee-tea-cocao (Sector 015), and coconut growing (Sector 010), respectively, generated the highest environmental damage value. This study revealed that the total environmental damage costs of agricultural products was $22.05 million per year accounting for only 0.1003 percent of total GDP in agricultural sector while the total environmental damage cost from all sectors is equal to $36,950.79 million accounting for 14.58 of total GDP