Disaster Management Strategies: Financial Perspectives/TCIP

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WB reports indicate:

The economic losses from disasters over the past 30 years are estimated at 3.5 USD tn.

- In 2011, estimated losses of around 380 USD bn occurred .

- Floods in Thailand cost the equivalent of 5% of the country’s Gross Domestic Product (GDP)

- Economic losses of Japan’s earthquake and tsunami were estimated as equivalent to 4% of GDP.

- The economic impact of the Haiti earthquake in 2010 was equal to 120% of its GDP

- The 2004 Grenada hurricane caused losses equivalent to more than 200% of GDP.

Link to material: http://ifors.org/wp-content/uploads/2014/05/06May2014seminarBB.pdf