FIGURE 13 ECONOMIC LOSSES BY HAZARD TYPE, 1991–2023
what would typically occur in a normal year, is measured accurately and not overestimated. impact of tropical cyclones, hurricanes, agricultural production systems worldwide. destructive forces, including high winds that climate-related events on agriculture, especially structures, torrential rainfall that can cause flooding, and soil erosion and hail that can and storms, which collectively account for the devastate entire harvests within minutes. The these intense, short-duration events that can on crop production, livestock operations and agricultural infrastructure. Floods resulted in losses exceeding USD 1.5 trillion, representing agricultural losses, representing significant climate-related events, and highlighting the and livestock operations to seismic activity. types, including riverine flooding that can crops in the same manner as floods or storms, periods, flash floods that can destroy crops processing facilities, storage infrastructure, irrigation systems and livestock housing,