We limit the economic loss into direct economic loss, excluding indirect loss (e.g. Direct Economic loss in this indicator framework consists of agriculture loss, damage to industrial and commercial facilities, damage to housings and critical infrastructures. These are tangible and relatively easy to measure. Direct losses usually happen during the event or within the first few hours after the event and are often assessed soon after the event to estimate recovery cost and claim insurance payments. Examples include loss to physical assets such as damaged housings, factories and infrastructure. The monetary value of total or partial destruction of physical assets existing in the affected area. Indicator nameĭirect disaster economic loss attributed to disasters in relation to global gross domestic product (GDP)īy 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters.įrom UNISDR: Definition: Direct economic loss: Direct loss is nearly equivalent to physical damage. Complete global metadata is provided by the UN Statistics Division. This table provides information on metadata for SDG indicators as defined by the UN Statistical Commission.
The threshold for determining whether any single event is treated as a disaster is if either the associated property losses or the insurance payouts exceed 0.1 percent of U.S. After converted, divide global direct economic loss by global GDP (inflation adjusted, constant USD) calculated from World Bank Development Indicators.ĭisaster losses divided by World/US GDP expressed as a percentage Need conversion from physical value to monetary value according to the UNISDR methodology. The original national disaster loss databases usually register physical damage value (housing unit loss, infrastructure loss etc.).
Actual indicator availableĭisaster losses consists of damage to fixed. Please note that even when the global SDG indicator is fully available from US statistics, this table should be consulted for information on national methodology and other US-specific metadata information. This table provides metadata for the actual indicator available from US statistics closest to the corresponding global SDG indicator.
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