Disasters disrupt socio-economic activities and cause substantial damage. Yet, their
full economic impact remains largely unknown, especially the cost of smaller disasters
and indirect impacts such as those due to business disruptions. Similarly, little
information exists on the total amount of public resources that countries devote to
disaster risk management. Reliable, comprehensive and comparable data on the economic
impact of disasters as well as on public spending on disaster management and risk
prevention are essential for developing effective disaster risk management policies.
This report provides an overview of countries' efforts to improve the quality and
quantity of information on the costs of disasters.
Published on May 03, 2018Also available in: Korean