Disaster Costs Are Up.

 



Countries are facing more record-breaking disasters. This is driven by an increase in extreme weather events and by development decisions that are not risk-informed, which increases the exposure and vulnerability of people and economic assets to a range of hazards. Disasters are becoming significantly more expensive. While direct disaster costs have grown to approximately $202 billion annually, the Global Assessment Report on Disaster Risk Reduction 2025 estimates that the true cost, is 11 times higher at nearly $2.3 trillion. Developing countries bear the brunt of these impacts due to their smaller economies, even though developed countries suffer the most expensive disasters in absolute value.
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