Economics of DRR

Economic costs of disasters have risen 14-fold since the 1950s, reaching in 2005 up to 209.530 million USD (in 2006 USD). For many countries a disaster event can have a significant impact on GDP and other macroeconomic factors. Disaster risk reduction meaures are cost effective investments to build economic resilience to natural hazards.

Risk reduction key to minimizing human suffering and economic losses

23 April 2008

Human suffering and economic losses from vulnerability to natural hazards are high. Munich Re estimated that the year 2005 was the most expensive year on record...