The United States of America lost a whopping $944.8 billion to climate-related disasters in the last 20 years.
According to a report revealed by United Nations (UN), United States of America lost a whopping $944.8 billion to climate-related disasters in the last two decades.
In the list released by UN, China recorded the second biggest financial loss at $492.2 billion. The third place goes to Japan with $376.3 billion monetary loss. And the India recorded the fourth biggest monetary loss at $79.5 billion.
Here’s a list of top 10 nations with biggest monetary losses from climate-related disasters.
|Position/Rank||Country||Economic losses (billion US$) from 1998 to 2017|
The report titled ‘Economic Losses, Poverty and Disasters 1998-2017’ said, such losses are only part of the story, since the majority of disaster reports to EM-DAT (63%) contains no economic data.
It also said that the World Bank has calculated that the real cost to the global Economy is a staggering US$ 520 billion per annum, with disasters pushing 26 million people into poverty every year.
The report further said that “absolute losses also mask the relatively greater burden of disasters on the poor. When economic costs are expressed as an average percentage of Gross Domestic Product (GDP), this becomes clearer.”
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