Reality Check: Global Weather Disasters and Global GDP

  • Date: 16/07/14
  • Roger Pielke Jr

Munich Re has just released their tabulation of disaster losses for the first half of 2014. I thought I’d use the occasion to update the dataset shown here.

 

The graph above shows global weather disasters as a proportion of global GDP. Note that 2014 represents January-June. I assume that the first half of 2014 global GDP is 2.5% higher than 2013. I also assume that total 2014 losses to date are all due to weather. Both assumptions err on the conservative side of things.

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