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$1 billion
- How much does a natural disaster cost? As of July 8, 2020, there have been 273 disasters since 1980 that have each cost the US $1 billion or more in damages, spending, and lost economic productivity, according to data collected by the National Oceanic and Atmospheric Administration (NOAA).
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Total economic cost of damages as a result of global natural disasters in any given year, measured in current US$. Includes those from drought, floods, extreme weather, extreme temperature, landslides, dry mass movements, wildfires, volcanic activity and earthquakes.
- Economic Damage by Natural Disaster Type
The total damage is defined as the value of all economic...
- Global Number Affected by Natural Disasters
Affected people are those requiring immediate assistance due...
- Number of Recorded Natural Disaster Events
A wildfire is defined as any uncontrolled and non-prescribed...
- Deaths From Earthquakes
The Significant Earthquake Database is a global listing of...
- Economic Damage by Natural Disaster Type
This table lists notable disasters which are estimated to have an economic cost of less than 1 billion United States dollars without taking inflation into account. This includes historical disasters, such as the Great Chicago Fire, which would surpass the value of $1 billion in modern currency.
Cost ($billion)(actual)Cost ($billion) ...(inflated To (2023 Unless Otherwise Stated))FatalitiesEvent$700 [2]$899.8$360 [5][6][4]$487.619,7592011 Tōhoku earthquake and tsunami + ...$200 [7]$399.95,502 – 6,434$163.6 [8][9]$163.659,488 – 62,013- Why Study The Cost of Weather and Climate Disasters?
- What Are The Most Costly Weather and Climate Disasters?
- Has Every State Experienced A Billion-Dollar Disaster?
- How Do You Calculate A Disaster’S Price tag?
- How Long Does It Take to Calculate The Price tag?
- Are Billion-Dollar Disasters Becoming More frequent?
- Has The U.S. Experienced More Flooding Events in Recent years?
NCEI is the Nation's scorekeeper in terms of addressing severe weather and climate events in their historical perspective. As part of our responsibilities of monitoring and assessing the climate, we track and evaluate climate events in the United States that have great economic and societal impacts. NCEI’s U.S. billion-dollar disaster analysisseeks...
In short, tropical cyclones are the most costly of the weather and climate disasters. Since 1980, the U.S. has sustained at least 323 weather and climate disasters where overall damages/costs reached or exceeded $1 billion (including CPI adjustment to 2021). The total cost of these 323 events exceeds $2.195 trillion. During 2021, there were 20 sepa...
While each region of the United States faces a unique combination of weather and climate events, every state in the country has been impacted by at least one billion-dollar disaster since 1980. Since 1980, there have been more than 100 of these events that have affected at least some part of Texas, while only one event has impacted Hawaii (Hurrican...
In calculating the cost assessments, we receive input from a variety of public and private data sources including: 1. Insurance Services Office 2. Federal Emergency Management Agency 3. U.S. Department of Agriculture 4. National Interagency Fire Center 5. Energy Information Administration 6. U.S. Army Corps 7. State agencies Each of these data sour...
The scale and complexity of a disaster greatly influence the length of time to assess the losses. Hurricanes are particularly challenging because it takes time to better understand the wind versus water damage losses across a variety of assets (like homes, businesses, boats and vehicles, infrastructure, and agriculture) and how much of this damage ...
The increases in population and material wealth over the last several decades are an important factor for higher damage potential. These trends are further complicated by the fact that many population centers and infrastructure exist in vulnerable areas like coasts, river floodplains and the wildland urban interface, while building codes are often ...
Billion-dollar inland—non-tropical—flood events have increased in the United States. Most notably, four separate billion-dollar inland flood events occurred in 2016. This doubled the previous annual record, as no more than two of these events had occurred in a year since 1980. In 2017, two non-tropical inland flood events affected the country (in C...
To do so, we need to understand how disaster events are changing, who is most vulnerable, and what can be done to protect them. On this page, you will find our complete collection of data, charts, and research on natural disasters and their costs.
Sep 12, 2019 · Natural and man-made disasters caused $165 billion of economic losses worldwide last year according to estimates from insurance giant Swiss Re. At least $85 billion of those losses were covered by insurance companies. The losses from natural catasrophes in 2017 and 2018 combined were the highest ever over a two year period.
Jul 28, 2021 · Insured losses from natural disasters reached $42 billion in the first six months of 2021, according to insurance broker Aon.
Sep 10, 2021 · Over the past decade, global economic losses from weather events like storms, floods, droughts and wildfires have grown more costly. During the first decade of the 21st century, there were only two years when weather disasters cost more than $200 billion (including 2010).
