Economic losses from disasters set new record in 2012: UNISDR

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Natural disasters in 2012 (Photo:UNISDR)

Annual economic losses due to the impact of extreme disaster events on industrial assets and private property exceeded $100 billion for three consecutive years, for the first time in 2012.

That's what the United Nations Office for Disaster Risk Reduction says in its latest briefing on the economic losses from disasters.

Elizabeth Longworth is Director of the UN International Strategy for Disaster Reduction (UNISDR).

"If we look at the economic losses over the last 33 years and since the mid-1990's, there has been a significant rise and this upward trends is confirmed if we look at the losses from last where even though there was no mega disaster event such as a major urban earthquake, the economic losses are conservatively estimated in the region of 138 billion. So what's disturbing is that relatively speaking last year was not a major year for disasters." (29")

The UN International Strategy for Disaster Risk Reduction says the deadliest event last year was Typhoon Bopha which hit the Philippines in December with over 1,900 dead and missing.

According to the UNISDR more than 300 disasters killed over 9,300 people in 2012 and affected 100 million others at a cost of US$138 billion mainly in the United States, Italy and China.

Donn Bobb, United Nations.

Duration: 1'21"

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