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Graph Of The Day: Global Weather Disasters And GDP

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Roger Pielke Jr

“There is no evidence so far that climate change has increased the normalized economic loss from natural disasters.”

Data from Munich Re and United Nations. The graph shows a ratio of global weather-related disaster losses to global GDP expressed in 2011 dollars and calculated at market exchange rates. For a peer reviewed analysis which goes into some depth on this subject, see this Munich Re-funded study:

E. Neumayer and F. Barthel. 2011. Normalizing Economic Loss from Natural Disasters: A Global Analysis, Global Environmental Change, 21:13-24 (here in PDF).

They conclude: “there is no evidence so far that climate change has increased the normalized economic loss from natural disasters.”