The Natural Disasters That Inflict The Most Economic Damage

Over the past 20 years, natural disasters have claimed at least 606,000 lives as well as causing enormous levels of economic damage. Storm Desmond made headlines over the weekend, having caused huge disruption across Ireland and the UK, inflicting widespread flooding and leaving thousands of homes without electricity. A report from the United Nations Office for Disaster Risk Reduction (UNISDR) has revealed that storms have the greatest economic impact of any natural disaster, causing over $1 trillion of losses around the world since 1995.

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This chart shows economic damage by disaster type and region from 1995 to 2015.

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Economic damage caused by natural disasters worldwide between 1995 to 2015, by national income (in billion U.S. dollars)
Natural disasters with the most economic damage worldwide in 2024 (in billion U.S. dollars)
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Amount of economic damage caused by severe storms worldwide between 1900 and 2016* (in billions of U.S. dollars)
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Economic losses from natural disaster events worldwide from 2000 to 2024 (in billion U.S. dollars)
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Economic impact of natural disasters worldwide from 2000 to 2024 (in billions of U.S. dollars)
Distribution of reported economic losses due to natural disasters in Africa between 1970 and 2019, by type

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