Disaster losses & statistics

While absolute economic losses are concentrated in high-income countries, the human cost of disasters falls overwhelmingly on low and middle-income countries.

2023 snapshot

*The figures do not represent biological disasters.

The invisible toll of disasters

The estimated insured losses from disasters are a staggering US $120 billion — but they represent just the tip of the iceberg.

Overall losses in US$ b (Munich Re)250270280210166
Uninsured losses in US$ b (Munich Re)155150160128109
Insured losses in US$ b (Munich Re)951201208257
Recorded events (CRED)399387407380505
Deaths (CRED)86,47330,70418,27417,66427,199
People affected in million (CRED)93.1185103.597.6109.2
People displaced by disasters in million (IDMC)-8.723.7724.9
People in million living in acute food insecurity driven by weather extremes (FSIN)-56.8
[12 countries affected]
[8 countries]
[15 countrie]
[25 countries]

Over the last 30 years, an estimated USD 3.8 trillion worth of crops and livestock production has been lost as a result of disaster events, corresponding to an average loss of USD 123 billion per year or 5 percent of annual global agricultural GDP. Lower-income and lower-middle-income countries sustained the highest losses due to extreme events, up to 10 percent of their agricultural GDP. Losses in SIDS account for about 7 percent of their agricultural GDP (FAO, 2023).

14.9 million excess deaths were associated with the COVID-19 pandemic in 2020 and 2021. Excess mortality includes deaths associated with COVID-19 directly (due to the disease) or indirectly (due to the pandemic’s impact on health systems and society).

Yet, these reported losses only represent the tip of the iceberg."You cannot manage your disaster risk if you are not measuring your losses."- Mami Mizutori, UN Special Representative of the Secretary-General for Disaster Risk Reduction

Under-reported small-scale and slow-onset disasters

Tens of thousands of small-scale disasters occur each year throughout the world because of flooding, landslides, fires and storms. These events are not reported in international databases. Yet, their impact can be just as damaging as large disasters, causing death, injury and loss of livelihoods. An analysis of records in 104 countries found that between 2005 and 2017, small and medium, localized and frequent disasters caused 68% of all economic losses. These losses are a major driver of poverty as they tend to be absorbed by low-income households and communities, small businesses, and local and national governments.

Similarly, losses from slow-onset hazards such as droughts are not always fully accounted for. Their effect often accumulates slowly over an extended period and their impacts are difficult to measure. When slow-onset disasters are added to the Asia-Pacific region’s riskscape, annualized economic losses more than quadruple to USD $675 billion or around 2.4 percent of the region’s GDP (compared to previous estimates).

Indirect and intangible losses

Direct losses refer to the physical or structural impact caused by the disaster such as the destruction of infrastructure resulting from high winds, flooding or ground shaking. Indirect effects are the subsequent or secondary results of the initial destruction, such as business interruption losses. A full consideration of all direct, indirect, and intangible losses would produce much higher loss estimates than the more easily quantified and commonly seen records of direct loss.

Direct vs. indirect losses

Lost productivity

Severe disasters have lasting effects on productivity. Analysis from the World Bank finds that during 1960-2018, climate disasters reduced annual productivity by an average of 0.5 percent. After three years, severe climate disasters lower labor productivity by about 7 percent, mainly through weakened total factor productivity.

Severe biological disasters can also cause persistent damage to productivity. Four epidemics since 2000 (SARS, MERS, Ebola, and Zika) had significant and persistent negative effects on productivity. They lowered productivity by 4 percent after three years.

Supply chains disruptions

The impact of local disasters can also be felt across the global economy. After Hurricane Maria struck Puerto Rico in 2017, a major wholesale medical supply company in San Juan was unable to maintain production. As a result, hospitals across the United States faced a critical shortage and a 600% increase in the cost of intravenous bags.

Research has found that intensifying river floods caused by global warming will affect the European Union and the United States predominantly by indirect losses passed down along the global trade and supply network. In the US, In the US, direct losses from riverine floods are expected to be around 30 billion US dollars, whereas indirect losses could reach 170 billion US dollars in the next 20 years.https://www.youtube.com/embed/rhjs4O_I8gY

Lost investment

Disasters also divert funding from investments to finance the rebuilding costs. To really understand the economic costs of a disaster, growth accounting considers the productive use of capital and innovation.  In the US for instance, hurricanes caused $306 billion in damages in 2017 and $91 billion in 2018. As a result, productive investment fell about $400 billion in total in those years.

Mental health

Disasters can also impact mental health. People whose homes are damaged by storms or flooding are significantly more likely to experience mental health issues such as depression and anxiety. In the UK, the estimated mental health cost from flooding events ranges from £1,878 to £4,136 per adult, depending on the magnitude of the flood.

Lost education

Children and youth affected by disasters often miss school, owing to displacement, the destruction of facilities or the use of school buildings as temporary shelters. School closures not only undermine education, they also hamper the provision of essential services in vulnerable communities. The COVID-19 pandemic has caused the most severe disruption in the world’s education systems in history. According to UNESCO, nearly 1.6 billion learners in more than 190 countries, 94% of the world’s student population, were affected by the closure of educational institutions at the peak of the crisis.

Additional resources

Disaster statistics reports

The Global Climate 2011-2020: A decade of accelerating climate change

The Decadal State of the Climate 2011-2020 is the result of collaboration between NMHSs in the region, the World Meteorological Organization, national statistics offices and specialized agencies of the United Nations.

World Meteorological Organization (WMO)

Counting people exposed to, vulnerable to, or at high risk from climate shocks — a methodology

This paper presents a methodology to estimate the number of people who are at high risk from extreme weather events, defined as the people who are exposed to these events and highly vulnerable to them.

World Bank, the

The impact of disasters on agriculture and food security 2023

The FAO flagship report on ‘The Impact of Disasters on Agriculture and Food Security’ provides a timely and comprehensive overview of how disasters are affecting agriculture and food security around the world.

Food and Agriculture Organization of the United Nations - Headquarters

Disaster loss data sources

Sendai Framework Monitor
Data from the Sendai Framework (SFM) monitoring process is official data provided by governments through a formal reporting mechanism that has undergone an intergovernmental process and endorsed by the UN General Assembly. The SFM includes the following types of data: mortality and affected persons; economic losses; global critical infrastructure damage; status of DRR strategies and international cooperation on DRR; status on multi-early warning system; disaggregated data by sex, age, and disability.
Global Internal Displacement Database
The Global Internal Displacement Database (GIDD) operated by the Internal Displacement Monitoring Centre (IDMC) provides estimates on internal displacement at the country level. It aims to provide comprehensive information on internal displacement worldwide. Data on displacement associated with sudden-onset natural hazard-related disasters is available since 2008.
Munich Reinsurance
The NatCatSERVICE is one of the world’s most comprehensive databases for analysing and evaluating losses caused by disasters since 1980. For this service, Munich Re has for decades been systematically recording in detail all essential information on loss events worldwide. This is stored in a digital catalogue of events and damage.
EM-DAT contains data on the occurrence and impacts of over 26,000 mass disasters worldwide from 1900 to the present day. The database is compiled from various sources, including UN agencies, non-governmental organizations, reinsurance companies, research institutes, and press agencies. The Centre for Research on the Epidemiology of Disasters (CRED) distributes the data in open access for non-commercial use.
Sigma Explorer
A major global reinsurance company, Swiss Reinsurance (Swiss Re), maintains specific data on natural hazards and catastrophes since 1970. Some of this information is provided through the sigma explorer visual tool, as well as its SIGMA publication, published eight times a year. Swiss Re also publishes an annual review, which summarises annual data on disaster incidence and analyses, trends in risk, exposure and commercial insurance considerations in several languages.
DesInventar Sendai
DesInventar Sendai is an open-source disaster inventory system that enables countries to manage all the data required for the monitoring of Sendai Framework Targets (a) to (d). DesInventar is a tool that helps to analyze the disaster trends and their impacts in a systematic manner.

Collecting disaster loss data

Items: 67
This paper proposes a microsimulation approach to estimate the overall cost and distributional impact of disasters rapidly.
World Bank, the
In this Newsbyte, experts explore the losses caused by Winter Storm Elliot and the reason they are so tricky to estimate.
Swiss Reinsurance Company (Swiss Re)
Cover Scientific data
In this article, the researchers conduct a missing data diagnosis of the widely-cited, global disaster database, the Emergency Events Database (EM-DAT) to identify the extent and potential determinants of missing data within EM-DAT. 
Scientific Data (Nature)
Human casualty is an important indicator of loss and damage due to heatwaves — a significant climate-related extreme weather event.
Down To Earth
In this study, using an updated global river and inundation model forced by the latest climate data and employing a standard flood methodology, the authors found that global expected annual damage (EAD) will increase by $16.2 (USD throughout).
Natural Hazards (Springer)

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