1.5.2 (11.5.2) Direct economic loss attributed to disasters

1.5.2 (11.5.2) Direct economic loss attributed to disasters

11.5.2 (1.5.2) Direct economic loss attributed to disasters in relation to global gross domestic product (GDP)

11.5 By 2030, significantly reduce the number of deaths and the number of people affected and substantially decrease the direct economic losses relative to global gross domestic product caused by disasters, including water-related disasters, with a focus on protecting the poor and people in vulnerable situations

Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable

This indicator measures the amount of direct economic loss attributed to disasters.

Direct economic loss: the monetary value of total or partial destruction of physical assets existing in the affected area. Direct economic loss is nearly equivalent to physical damage.

Examples of physical assets that are the basis for calculating direct economic loss include homes, schools, hospitals, commercial and governmental buildings, transport, energy, telecommunications infrastructures and other infrastructure; business assets and industrial plants; and production such as crops, livestock and production infrastructure. They may also encompass environmental assets and cultural heritage. Direct economic 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. These are tangible and relatively easy to measure.

Critical infrastructure: The physical structures, facilities, networks and other assets which provide services that are essential to the social and economic functioning of a community or society.

Basic services: Services that are needed for all of society to function appropriately.
Examples of basic services include water supply, sanitation, health care and education. They also include services provided by critical infrastructure such as electricity, telecommunications, transport or waste management that are needed for all of society to function.

X_ =((C_2+C_3+C_4+C_5+C_6))/(Global GDP)  

Where:

C2 - Direct agricultural loss attributed to disasters;
C3 - Direct economic loss to all other damaged or destroyed productive assets attributed to disasters;
C4 - Direct economic loss in the housing sector attributed to disasters;
C5 - Direct economic loss resulting from damaged or destroyed critical infrastructure attributed to disasters;
C6 - Direct economic loss to cultural heritage damaged or destroyed attributed to disasters.

* Detailed methodologies can be found in the Technical Guidance 

USD

Losses caused by disasters

Republic of Serbia

UNDRR - United Nations Office for Disaster Risk Reduction

Annual

C110502

https://unstats.un.org/sdgs/metadata/files/Metadata-11-05-02.pdf