In 2023, the economic losses due to natural disaster events worldwide amounted to about 380 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.
A highly destructive force, Asia is one of the most susceptible regions to natural disasters. The repercussions of natural disasters are not only physical, but also economic. Costs may be high – depending on the severity – as areas affected by natural disasters might need to be rebuilt. Lower income countries are more likely to be affected by natural disasters for a multitude of reasons, including a lack of developed infrastructure, inadequate housing, and lack of back-resources.
Economic losses from natural disaster events worldwide from 2000 to 2023
(in billion U.S. dollars)
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Aon. (January 22, 2024). Economic losses from natural disaster events worldwide from 2000 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/510894/natural-disasters-globally-and-economic-losses/?ref=thinkml.ai
Aon. "Economic losses from natural disaster events worldwide from 2000 to 2023 (in billion U.S. dollars)." Chart. January 22, 2024. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/510894/natural-disasters-globally-and-economic-losses/?ref=thinkml.ai
Aon. (2024). Economic losses from natural disaster events worldwide from 2000 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/510894/natural-disasters-globally-and-economic-losses/?ref=thinkml.ai
Aon. "Economic Losses from Natural Disaster Events Worldwide from 2000 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/statistics/510894/natural-disasters-globally-and-economic-losses/?ref=thinkml.ai
Aon, Economic losses from natural disaster events worldwide from 2000 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/510894/natural-disasters-globally-and-economic-losses/?ref=thinkml.ai (last visited November 13, 2024)
Economic losses from natural disaster events worldwide from 2000 to 2023 (in billion U.S. dollars) [Graph], Aon, January 22, 2024. [Online]. Available: https://www.statista.com/statistics/510894/natural-disasters-globally-and-economic-losses/?ref=thinkml.ai