Losses from extreme events over 31 years were $3.8 trillion | Data Premium

Disasters are becoming more frequent and severe, with an estimated $223.8B in economic losses in 2022. Data from 88 Post-Disaster Needs Assessments in 60 countries found that agricultural losses constituted 23% of the overall impact of disasters. Losses in cereals, fruits/veggies, and meats/dairy/eggs averaged 69M, 40M, and 16M tonnes per year, respectively. Asia bore the largest share of losses (45%), while low-income countries suffered losses more than double those of upper-middle-income countries.

Disaster events are not only becoming more frequent and severe but their impact is also expected to worsen. The year 2023 brought an end to the warmest decade on record, marked by unprecedented extreme weather events and large-scale disasters. These catastrophes were worsened by ongoing conflicts and the COVID-19 pandemic.

A report by the Food and Agriculture Organization titled ‘The Impact of Disaster on Agriculture and Food Security’ found that the frequency of extreme disaster events has risen significantly over the past 50 years. The 1970s saw approximately 100 disaster events per year. In the last 20 years, that number went up to about 400, globally (Chart 1). 

Chart 1 | The chart shows the number of disasters by EM-DAT (the international disaster database) grouping and total economic losses in $ billion.

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According to the EM-DAT database of the Centre for Research on the Epidemiology of Disasters, 2022 witnessed nearly 31,000 deaths and an estimated $223.8 billion in economic losses from disasters, affecting over 185 million people. 

Agricultural activities and livelihoods rely heavily on environmental conditions, natural resources, and ecosystems. Globally, the agriculture sector faces growing threats from hazards such as flooding, water scarcity, drought, diminishing agricultural yields, fisheries depletion, loss of biodiversity, and environmental degradation. For instance, in Pakistan, exceptional monsoon rainfalls in 2022 led to nearly $4 billion in damages to the agricultural sector. In the U.S., the National Oceanic and Atmospheric Administration estimated over $21.4 billion in crop and rangeland losses in 2022, with drought and wildfires responsible for most of the crop losses.

Data from 88 Post-Disaster Needs Assessment surveys conducted from 2007 to 2022 in 60 countries indicated that agricultural losses constituted an average of 23% of the overall impact of disasters across all sectors. However, the available data are limited, primarily focusing on low-income countries and major extreme events. A comprehensive global estimate of economic losses across all sectors is unavailable.