Direct disaster economic loss in Philippines
Philippines: Direct disaster economic loss was 7.38 billion current united states dollars in 2024. ◆ Volatile
Latest (2024)
7.38 billion current united states dollars
Change on year
up 329.4%
World rank
6th
of 130 countries
All-time high
55.87 billion current united states dollars
in 2021
All-time low
423.88 million current united states dollars
in 2017
Years of data
9
2016–2024
Direct disaster economic loss in Philippines, 2016–2024
Source: UN Office for Disaster Risk Reduction – processed by Our World in Data. Measured in current united states dollars.
Analysis
In 2024, direct disaster economic loss in Philippines stood at 7.38 billion current united states dollars.
Compared with earlier readings it is up 329.4% on the previous year and down 0.2% over ten years.
Over the whole period, direct disaster economic loss in Philippines peaked at 55.87 billion current united states dollars in 2021 and was at its lowest, 423.88 million current united states dollars, in 2017.
That places Philippines 6th out of 130 countries with data for 2024, putting it in the top 10%.
Direct disaster economic loss in Philippines, year by year
| Year | current united states dollars | Change |
|---|---|---|
| 2016 | 7.39 billion current united states dollars | — |
| 2017 | 423.88 million current united states dollars | -94.3% |
| 2018 | 3.64 billion current united states dollars | +757.6% |
| 2019 | 10.91 billion current united states dollars | +200.2% |
| 2020 | 5.22 billion current united states dollars | -52.1% |
| 2021 | 55.87 billion current united states dollars | +969.3% |
| 2022 | 6.29 billion current united states dollars | -88.7% |
| 2023 | 1.72 billion current united states dollars | -72.7% |
| 2024 | 7.38 billion current united states dollars | +329.4% |
Philippines compared with similar countries
- Philippines's 7.38 billion current united states dollars is above the median for upper middle income countries, which is 9.95 million current united states dollars, 741.3× the median. (46 countries reporting)
- Philippines's 7.38 billion current united states dollars is above the median for East Asia & Pacific, which is 21.34 million current united states dollars, 345.8× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.59 billion current united states dollars | 423.88 million current united states dollars | 10.91 billion current united states dollars | 4 |
| 2020s | 15.29 billion current united states dollars | 1.72 billion current united states dollars | 55.87 billion current united states dollars | 5 |
Countries ranked near Philippines
- 3 Bolivia 18.13 billion current united states dollars compare
- 4 Argentina 14.05 billion current united states dollars compare
- 5 Kenya 13.12 billion current united states dollars compare
- 7 France 7.25 billion current united states dollars compare
- 8 Brazil 5.78 billion current united states dollars compare
- 9 Uganda 4.43 billion current united states dollars compare
More economy & growth data for Philippines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.60 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.72 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.1 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.016 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 66.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is direct disaster economic loss in Philippines?
- Direct disaster economic loss in Philippines was 7.38 billion current united states dollars in 2024, according to UN Office for Disaster Risk Reduction – processed by Our World in Data.
- What is the highest direct disaster economic loss recorded in Philippines?
- The highest recorded value was 55.87 billion current united states dollars in 2021.
- What is the lowest direct disaster economic loss recorded in Philippines?
- The lowest recorded value was 423.88 million current united states dollars in 2017.
- How does Philippines rank for direct disaster economic loss?
- Philippines ranks 6th out of 130 countries with data for 2024.
- Is direct disaster economic loss rising or falling in Philippines?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is volatile.
- Where does this Philippines 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).