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Cyclone proportional economic loss

Like total economic loss, economic loss as a proportion of GDP density is found by weighting the value of GDP exposure to cyclones for each grid cell by a vulnerability coefficient to obtain an estimate of risk. The vulnerability weights are based on historical economic losses in previous disasters. The economic loss risks are applied to GDP per unit area exposure to obtain economic loss risks. The weights are an aggregated index relative to losses within each region and country wealth class (classifications based on 2000 GDP) over the 20-year period from 1981 – 2000. This index is then normalized by GDP.

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  • Themes:Economics of DRR
  • Hazards:Cyclone
  • Countries/Regions:Africa, Americas, Asia, Europe, Oceania

  • Short URL:http://preventionweb.net/go/8404

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Sendai Framework for Disaster Risk Reduction 2015-2030

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