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floods, droughts, and storms have caused billions of dollars of economic loss worldwide
Aivee Akther Disaster Environmental Economics

Floods, droughts, and storms have caused billions of dollars of economic loss worldwide

Floods, droughts, and storms have caused billions of dollars of economic loss worldwide

Aivee-Akther-News-Ticker

Last 50 years (1980 to 2019), there occurred 11,000 natural disasters in the Atlantic- Pacific regions, such as Aila- Sidr- Amphan in Bangladesh- India, the tsunami in Japan, and Katrina in the United States. It killed more than 2 million people and caused 3.64 trillion dollars in financial losses.



According to the World Meteorological Organization (WMO), natural disasters such as climate change, warming, floods, droughts, and weather disasters have killed 115 people and caused 202 million in financial damage every day for more than 50 years.

But the WMO has also sounded a message of hope. If early warning and management preparedness measures have taken from 1980 to 2019, the death toll due to natural calamities could reduce to one-third.

In the last 50 years, weather, climate, and water problems have caused 50 percent of the world’s natural disasters.

Natural catastrophes accounted for 45 percent and 74 percent of the deaths and economic losses, respectively. Developing countries account for 91 percent of all deaths from natural disasters.



Among the ten biggest natural disasters in the last five decades, 6.5 million people have died due to drought, 5.77 million due to cyclones, 59,000 due to floods, and about 56,000 due to warming. Worldwide, 50,000 people died in 1970; it dropped to less than 20,000 in 2010.

However, the economic losses have increased seven times during this period. Among the ten worst natural disasters in the last 50 years, storms have caused financial losses of 52.1 billion and a flood of 11.5 billion.

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