Annual economic damages from all natural disasters as a share of GDP in Australia
Australia: Annual economic damages from all natural disasters as a share of GDP was 0.1% in 2018. ◆ Volatile
Annual economic damages from all natural disasters as a share of GDP in Australia, 1967–2018
Source: EM-DAT, CRED / UCLouvain (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
In 2018, annual economic damages from all natural disasters as a share of gdp in Australia stood at 0.1%.
Over the whole period, annual economic damages from all natural disasters as a share of gdp in Australia peaked at 1.7% in 1981 and was at its lowest, 0.0%, in 1974.
That places Australia 8th out of 74 countries with data for 2018, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.6% | 0.5% | 0.7% | 3 |
| 1970s | 0.0% | 0.0% | 0.0% | 4 |
| 1980s | 1.6% | 1.5% | 1.7% | 2 |
| 1990s | 0.1% | 0.0% | 0.2% | 5 |
| 2000s | 0.3% | 0.0% | 0.5% | 2 |
| 2010s | 0.1% | 0.1% | 0.1% | 1 |
Countries ranked near Australia
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 annual economic damages from all natural disasters as a share of gdp in Australia?
- Annual economic damages from all natural disasters as a share of gdp in Australia was 0.1% in 2018, according to EM-DAT, CRED / UCLouvain (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest annual economic damages from all natural disasters as a share of gdp recorded in Australia?
- The highest recorded value was 1.7% in 1981.
- What is the lowest annual economic damages from all natural disasters as a share of gdp recorded in Australia?
- The lowest recorded value was 0.0% in 1974.
- How does Australia rank for annual economic damages from all natural disasters as a share of gdp?
- Australia ranks 8th out of 74 countries with data for 2018.
- Where does this Australia data come from?
- The figures come from EM-DAT, CRED / UCLouvain (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Annual economic damages from all natural disasters as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Total economic damages from natural disasters as a share of GDP.