Chart of the day: Bushfires, cyclones and floods put Australia in the world’s natural disaster top 10 https://www.abc.net.au/news/2018-11-30/natural-disaster-economic-impact-chart/10499688 By business reporter Stephen Letts The annual cycle of summer bushfires, cyclones and floods, all too evident this week, has pushed Australia into the global top 10 for economic damage caused by natural disasters.
The 2018 International Federation Red Cross and Red Crescent Societies’ World Disasters Reportfound Australia’s damage bill over the past decade came in at $37 billion (or $US27 billion).
That ranks us 10th in terms of the cost of natural disasters, but still a fair way behind the big three disaster zones: the US, China and Japan which together account for about two-thirds of the total financial cost the IFRC added up between 2008 and 2017.
Our Asia-Pacific region seems to be the most disaster-prone on the planet, being bit by around 40 per cent of the…
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