According to the report of the World Bank, in 1980-2012, loss and damages from the natural hazards and catastrophes are estimated at $3.8 trillion.
At the beginning of the investigated period, the loss totaled on average $50 billion a year; now it rose up to $200 billion a year. Two-thirds of $3.8 trillion are losses from storms, floods and draughts and 2.5 million people became victims of the disasters.
Developing countries suffered the most, where the losses from the natural calamities amounted to 1% of GDP in 2001-2006. In comparison, developed countries lost ten times less for the same period.
The World Bank urged to develop measures aimed at prevention of risks connected to the extreme deterioration of weather conditions. As an example, the organization describes a cyclone in India’s state Odisha in 1999, where there were 10,000 victims and the loss amounted to $4.5 billion. Thanks to the development of measures aimed at prevention of weather hazards, Cyclone Phailin of the same power, which hit in October 2013, made a 700 million loss and resulted in 40 deaths.
The World Bank has published report on damages from the natural catastrophes amid the liquidation of aftermaths of Typhoon Haiyan, which hit Philippines; it resulted in 3,600 deaths, more than a thousand is considered to be unaccounted. The government said that the number of victims may reach 10,000 people. According to Moody’s estimate, damages may reach $14 billion.
