Disaster losses as a percentage of GDP

Sub-categories

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Headline data

Disaster losses as a percentage of GDP
Year Value Units
2000 0.0 Share
2001 0.06 Share
2002 0.0 Share
2003 0.0 Share
2004 0.07 Share
2005 0.24 Share
2006 0.0 Share
2007 0.0 Share
2008 0.03 Share
2009 0.0 Share
2010 0.0 Share
2011 0.0 Share
2012 0.06 Share
2013 0.0 Share
2014 0.0 Share
2015 0.0 Share
2016 0.0 Share
2017 0.13 Share
2018 0.06 Share
2019 0.0 Share
2020 0.0 Share
2021 0.06 Share
2022 0.06 Share
2023 0.0 Share

Source: Saving and Investment by Sector

Geographical Area:

Unit of Measurement:

Footnote:

This table provides metadata for the actual indicator available from United States statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from American statistics, this table should be consulted for information on national methodology and other American-specific metadata information.

Indicator

Direct economic loss attributed to disasters in relation to global gross domestic product (GDP)
Organisation

Bureau of Economic Analysis
Unit of measure

Billions of Current US dollars
Data sources

Table 5.1. Saving and Investment by Sector
Data providers

Andrew Craig
Comment and limitations

The threshold for determining whether any single event is treated as a disaster is if either the associated property losses or the insurance payouts exceed 0.1 percent of U.S. GDP
Method of computation

Disaster losses divided by World/US GDP expressed as a percentage
Actual indicator available - description

Disaster losses consists of damage to fixed assets.
Date of national source publication

7/25/2024
Periodicity

Annual
Scheduled update by national source

8/29/2024
Date metadata updated

8/1/2024
Time period

2000-2023

This table provides information on metadata for SDG indicators as defined by the UN Statistical Commission. Complete global metadata is provided by the UN Statistics Division.

Indicator

Direct economic loss attributed to disasters in relation to global gross domestic product (GDP)
Target

By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters
Organisation

United Nations Office for Disaster Reduction (UNISDR)
Definition and concepts

Definition:

This indicator measures the ratio of direct economic loss attributed to disasters in relation to GDP.

Concepts:

Economic Loss: Total economic impact that consists of direct economic loss and indirect economic loss.

Direct economic loss: the monetary value of total or partial destruction of physical assets existing in the affected area. Direct economic loss is nearly equivalent to physical damage.

Indirect economic loss: a decline in economic value added as a consequence of direct economic loss and/or human and environmental impacts.

Annotations:

Examples of physical assets that are the basis for calculating direct economic loss include homes, schools, hospitals, commercial and governmental buildings, transport, energy, telecommunications infrastructures and other infrastructure; business assets and industrial plants; production such as crops, livestock and production infrastructure. They may also encompass environmental assets and cultural heritage. Direct economic losses usually happen during the event or within the first few hours after the event and are often assessed soon after the event to estimate recovery cost and claim insurance payments. These are tangible and relatively easy to measure.
Data sources

Data provider at national level is appointed Sendai Framework Focal Points. In most countries disaster data are collected by line ministries and national disaster loss databases are established and managed by special purpose agencies including national disaster management agencies, civil protection agencies, and meteorological agencies. The Sendai Framework Focal Points in each country are responsible of data reporting through the Sendai Framework Monitoring System.
Comment and limitations

The Sendai Framework Monitoring System has been developed to measure the progress in the implementation of the Sendai Framework by UNGA endorsed indicators. Member States will be able to report through the System from March 2018. The data for SDG indicators will be compiled and reported by UNISDR.
Method of computation

Related indicators as of February 2020

X = ( C 2 + C 3 + C 4 + C 5 + C 6 ) G l o b a l   G D P  

Where:

C2 Direct agricultural loss attributed to disasters;

C3 Direct economic loss to all other damaged or destroyed productive assets attributed to disasters;

C4 Direct economic loss in the housing sector attributed to disasters;

C5 Direct economic loss resulting from damaged or destroyed critical infrastructure attributed to disasters;

C6 Direct economic loss to cultural heritage damaged or destroyed attributed to disasters.

* Detailed methodologies can be found in the Technical Guidance (see below the Reference section)
Metadata update

2018-03-01
International organisations(s) responsible for global monitoring

United Nations Office for Disaster Reduction (UNISDR)
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