2011 peak year of disaster losses in the world

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Japanese Earthquake - 2011

Damages estimated at close to $400 billion in 2011 were the worst economic losses caused by natural disasters in recorded history, according to a top United Nations official.

Speaking to reporters on Monday, Margareta Wahlström, Special Representative of the Secretary-General for Disaster Risk Reduction, said the losses were caused by disasters such as earthquakes and floods.

She said the number of people dying from disasters is declining as countries get better at early warning systems and preparedness, but economic losses are increasing.

"Last year 2011 was the peak year of disaster losses so far in recorded history with a minimum of total losses of $380 billion, and I stress minimum, two thirds higher than the previous record which was 2005 with Hurricane Katrina here. Last year's losses were mainly accounted for by earthquakes in Japan and New Zealand. Earthquakes are the costliest and the deadliest of the disasters."
Duration:  27″
 

 

Ms Wahlström said the economic losses from disasters are becoming a major threat in a number of countries.

Filed under Today's News.
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