Natural disasters since 1900 'have cost $7 trillion'

April 19, 2016 02:10

Natural disasters have caused more than USD 7 trillion (6.2 trillion euros) in economic damage worldwide since 1900, with floods and storms accounting for nearly 60 per cent of the total, researchers said today.

The death toll from such natural calamities -- which also include earthquakes, volcanoes, droughts, heatwaves and wildfires -- topped eight million from 1900 to 2015, according to findings presented at a meeting of the European Geosciences Union in Vienna.

More than a third -- 38.5 per cent -- of the economic damage, and just over half the loss of life was the result of flooding, according to James Daniell, an Australian risk engineer at the Karlsruhe Institute of Technology in Germany.

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