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Indicator

Economic losses from climate-related extremes

Description

  • The total reported economic losses caused by weather and climate-related extremes in the EEA member countries over the period 1980-2015 amount to around EUR 433 billion (in 2015 Euro values).
  • The average annual economic losses have varied between EUR 7.5 billion in the period 1980-1989, EUR 13.5 billion in the period 1990-1999, and EUR 14.3 billion in the period 2000-2009. In the period from 2010 to 2015 the average annual loss accounted to around EUR 13.3 billion.
  • The observed variations in reported economic loss over time are difficult to interpret since a large share of the total deflated losses has been caused by a small number of events. Specifically, more than 70 % of the economic losses was caused by only 3 % of all registered events.

Reference information

Websites:
Source:
EEA

Keywords

catastrophic events, clim039, economic losses, natural disasters, socio-economic developments

Climate impacts

Droughts, Extreme Temperatures, Flooding, Ice and Snow, Sea Level Rise, Storms

Elements

Vulnerability Assessment

Sectors

Disaster Risk Reduction, Financial

Geographic characterization

Europe

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