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GTAP Resource #7030

"The impact of a range of natural disasters in various economies on the world economy"
by Suessspeck, Sascha and Terrie Walmsley

The number of reported disasters has increased five-fold over the last 50 years according to the World Meteorological Organization (WMO, 2021) and by all accounts is expected to continue to increase with rising average surface temperature. According to EM-DAT (CRED / UCLouvain), one of the foremost international databases of disasters linked to natural hazards worldwide, there were 7,348 disasters in the 20-year period from 2000 and 2019, significantly higher than the 4,212 disasters that occurred in the previous 20-year period (1980-1999). The disasters in the last twenty years have claimed approximately 1.23 million lives, an average of 60,000 per annum. Over 4 billion people were affected; many on more than one occasion. Additionally, the disasters reported during that time led to economic losses worldwide of approximately US$ 2.97 trillion, an increase from US$ 1.63 trillion (1980 and 1999). The purpose of this paper is to examine and compare the impact of these natural disasters in various countries on their economies and the world.

Resource Details (Export Citation) GTAP Keywords
Category: 2023 Conference Paper
Status: Published
By/In: Presented during the 26th Annual Conference on Global Economic Analysis (Bordeaux, France)
Date: 2023
Created: Suessspeck, S. (4/19/2023)
Updated: Suessspeck, S. (6/23/2023)
Visits: 455
- Climate impacts
- Natural disasters
- Africa (Southern)
- Asia (South-Central)
- Asia (Southeast)
- Europe (Western)
- North America
- Oceania

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