Direct economic loss attributed to disasters in Australia
Australia: Direct economic loss attributed to disasters was 171.31 million in 2024. ◆ Volatile
Direct economic loss attributed to disasters in Australia, 2009–2024
Source: Our World in Data.
Analysis
In 2024, direct economic loss attributed to disasters in Australia stood at 171.31 million.
That represents a change of down 56.4% on the previous year and up 6,593.5% over ten years.
Over the whole period, direct economic loss attributed to disasters in Australia peaked at 1.95 billion in 2022 and was at its lowest, 0, in 2009.
Australia ranks 42nd of 130 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Direct economic loss attributed to disasters in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 2009 | 0 | — |
| 2010 | 106.31 million | — |
| 2011 | 113.52 million | +6.8% |
| 2012 | 6.88 million | -93.9% |
| 2013 | 59.95 million | +770.9% |
| 2014 | 2.56 million | -95.7% |
| 2015 | 78.46 million | +2965.4% |
| 2016 | 38.92 million | -50.4% |
| 2017 | 92.57 million | +137.9% |
| 2018 | 186.48 million | +101.4% |
| 2019 | 334.24 million | +79.2% |
| 2020 | 168.78 million | -49.5% |
| 2021 | 149.87 million | -11.2% |
| 2022 | 1.95 billion | +1199.6% |
| 2023 | 392.89 million | -79.8% |
| 2024 | 171.31 million | -56.4% |
Australia compared with similar countries
- Australia's 171.31 million is above the median for high income countries, which is 47.61 million, 3.6× the median. (32 countries reporting)
- Australia's 171.31 million is above the median for East Asia & Pacific, which is 21.34 million, 8.0× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Direct economic loss attributed to disasters in Australia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +2965.4% | 2.56 million | 78.46 million |
| 2022 | +1199.6% | 149.87 million | 1.95 billion |
| 2013 | +770.9% | 6.88 million | 59.95 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0 | 0 | 0 | 1 |
| 2010s | 101.99 million | 2.56 million | 334.24 million | 10 |
| 2020s | 566.13 million | 149.87 million | 1.95 billion | 5 |
Countries ranked near Australia
More economy & growth data for Australia
- Real gdp growth, annual growth rate 96.31 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.26 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 15.83 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0083 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 537.43 units per person (2025)
- SDRs holdings, SDR, annual growth rate 10.3 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 392.43 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.82 % change on previous year (2025)
Frequently asked questions
- What is direct economic loss attributed to disasters in Australia?
- Direct economic loss attributed to disasters in Australia was 171.31 million in 2024, according to Our World in Data.
- What is the highest direct economic loss attributed to disasters recorded in Australia?
- The highest recorded value was 1.95 billion in 2022.
- What is the lowest direct economic loss attributed to disasters recorded in Australia?
- The lowest recorded value was 0 in 2009.
- How does Australia rank for direct economic loss attributed to disasters?
- Australia ranks 42nd out of 130 countries with data for 2024.
- Is direct economic loss attributed to disasters rising or falling in Australia?
- Over the last ten years it is up 6,593.5%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Our World in Data, published as part of Direct economic loss attributed to disasters. Statizoid updates them automatically from the source API.
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CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (Our World in Data).