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Global economic losses from natural disasters 2000-2018

Economic loss from natural disaster events globally from 2000 to 2018 (in billion U.S. dollars)

by T. Wang, last edited Aug 9, 2019
Global economic losses from natural disasters 2000-2018 As of 2018, the global average economic loss due to natural disaster events worldwide amounted to about 186 billion U.S. dollars. Natural disasters occur as a result of natural processes on Earth. There are a lot of different types of natural disasters that can occur, including floods, hurricanes, earthquakes, and tsunamis. In 2018, there were 394 natural disaster events, an increase from the 378 that occurred the previous year. Tropical cyclones generated the highest amount of economic loss that year. Devastatingly, in 2018, the earthquake and tsunami that happened in Indonesia in September carried the highest number of deaths out of all natural disasters that year.
Natural Disaster Cost

A highly destructive force, Asia is one of the most susceptible regions to natural disasters. The repercussions of natural disasters are not only physical, they are also economic. There may be high costs, depending on the severity, required to rebuild an affected area after a natural disaster occurs. Lower income countries are more likely to be affected by natural disasters for a multitude of reasons. These reasons include a lack of developed infrastructure, inadequate housing, and lack of back-resources.
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Economic loss from natural disaster events globally from 2000 to 2018 (in billion U.S. dollars)

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