Economic Costs of Disasters


This section lists publicly-available papers and presentations on the economic costs of disasters, particularly since the adoption of the HFA in 2005. These include selected case studies. There is also a small section below on disaster statistics.

Informing Climate Adaptation: A Review of the Economic Costs of Natural Disasters, Their Determinants, and Risk Reduction Options
– RFF (2012) Reviews empirical literature on the economic impacts of natural disasters and discusses risk reduction options in order to inform both climate adaptation policy and the estimation of potential climate damages

Destruction, Disinvestment, and Death: Economic and Human Losses Following Disaster
– Columbia & Princeton Universities (2012)
Uses annual variation in the incidence of typhoons to identify the effect of environmental disaster on economic and health outcomes in Filipino households

Costs of Natural Hazards: Modelling Direct Economic Costs
– GFZ (2011)
Details the damages and costs associated with natural hazards, focusing on floods

2011 Global Assessment Report on Disaster Risk Reduction: Revealing Risk
– GAR (2011)
Second chapter of the Global Assessment Report providing an analysis of the risks of hazard events and the economic costs associated with global disasters

Global Assessment Report on Disaster Risk Reduction: Probabilistic Modelling of Natural Risks at the Global Level: the Hybrid Loss Exceedance Curve
– ERN Amèrica Latina (2011)
With case studies from  Colombia, Mexico and Nepal, proposes risk assessment methodologies using loss exceedance curves

Global Climate Risk Index 2012; Who Suffers Most from Extreme Weather Events? Weather-Related Loss Events in 2010 and 1991-2010
– German Watch (2011)
Analysis which underlines that less developed countries are generally more affected than industrialised countries.

Temperatures and Cyclones Strongly Associated with Economic Production in the Caribbean and Central America
– Columbia U (2010)
Argues that omitting the response of workers to thermal stress may underestimate the global economic costs of climate change

At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes
– University of Pennsylvania (2008)
Identifies the monetary costs of recent catastrophes in the United States and discusses possible risk management strategies.

Approaches to Disaster Risk Reduction
– Concern Worldwide US (2005)
An overview of disaster risk reduction in the context of the Hyogo Declaration with analysis on hazard vulnerability, mitigation, and examples in Somalia, Pakistan and Southern Sudan


Data & Statistics


Disasters in Numbers 2011
– CRED (2012)
Reports on the latest data on disaster trends including social and economic costs

2011 Disasters in Numbers
– CRED & ISDR (2012)
Two-page information sheet with graphs of disaster trends and statistics from 2011

Annual Disaster Statistical Review 2011: The numbers and Trends
– CRED & ISDR (2011)
Comprehensive review of disaster data from 2011, including regional distribution of hazard events, fatalities and economic losses

A Trend is a Trend is a Trend: A Different View on Trend Estimation in Disaster Data
– Netherlands Environmental Assessment Agency (2011)
Presentation on disaster trends and analyses the various models, data and the associated uncertainties