Direct disaster economic loss in Australia
Australia: Direct disaster economic loss was 392.89 million current united states dollars in 2023. ◆ Volatile
Direct disaster economic loss in Australia, 2009–2023
Source: UN Office for Disaster Risk Reduction – processed by Our World in Data. Measured in current united states dollars.
Analysis
In 2023, direct disaster economic loss in Australia stood at 392.89 million current united states dollars.
That represents a change of down 79.8% on the previous year and up 555.3% over ten years.
Over the whole period, direct disaster economic loss in Australia peaked at 1.95 billion current united states dollars in 2022 and was at its lowest, 0 current united states dollars, in 2009.
Australia ranks 23rd of 126 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0 current united states dollars | 0 current united states dollars | 0 current united states dollars | 1 |
| 2010s | 102.01 million current united states dollars | 2.56 million current united states dollars | 334.43 million current united states dollars | 10 |
| 2020s | 664.64 million current united states dollars | 149.88 million current united states dollars | 1.95 billion current united states dollars | 4 |
Countries ranked near Australia
- 20 Morocco 609.12 million current united states dollars compare
- 21 Peru 521.66 million current united states dollars compare
- 22 South Korea 480.99 million current united states dollars compare
- 24 Mali 373.79 million current united states dollars compare
- 25 Madagascar 343.19 million current united states dollars compare
- 26 Guatemala 251.47 million current united states dollars compare
More economy & growth data for Australia
- External balance on goods and services as a percent of GDP 0.6% (2025)
- Inflation of consumer prices 2.9% (2025)
- GDP per capita 61,369 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.3% (2025)
- Gross domestic product (GDP) 1.69 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 61,369 constant 2015 US$ (2025)
- DEC alternative conversion factor 1.55 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -521.00 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) -337.19 million current US$ (2025)
- Taxes less subsidies on products 177.87 billion current LCU (2025)
Frequently asked questions
- What is direct disaster economic loss in Australia?
- Direct disaster economic loss in Australia was 392.89 million current united states dollars in 2023, according to UN Office for Disaster Risk Reduction – processed by Our World in Data.
- What is the highest direct disaster economic loss recorded in Australia?
- The highest recorded value was 1.95 billion current united states dollars in 2022.
- What is the lowest direct disaster economic loss recorded in Australia?
- The lowest recorded value was 0 current united states dollars in 2009.
- How does Australia rank for direct disaster economic loss?
- Australia ranks 23rd out of 126 countries with data for 2023.
- Is direct disaster economic loss rising or falling in Australia?
- Over the last ten years it is up 555.3%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from UN Office for Disaster Risk Reduction – processed by Our World in Data, published as part of Direct disaster economic loss. Statizoid updates them automatically from the source API.
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About this data
Direct economic loss attributed to disasters (current United States dollars)