Here's How Much Typhoons And Other Natural Disasters Actually Cost The Philippines
Storms have cost the Philippines PHP 1.4 trillion in the past 100 years.
Whilst the Philippines is famous for its huge population with ethnic diversity, it’s also well-known for experiencing more natural disasters than other countries in Southeast Asia.
The Philippines is located close to the equator. Because it’s on the Pacific Ring of Fire, the 8th-most populated country in Asia is vulnerable to natural disasters. The Philippines is hit hardest by earthquakes and typhoons.
Economic cost of natural disasters in the Philippines
Statistics were taken from the Emergency Events Database (EM-DAT) of the Centre for Research on the Epidemiology of Disasters (CRED) in Brussels, Belgium. , reveal the full impact on the Philippines. Due to natural disasters, the Philippines has suffered PHP 1.4 trillion of economic damage since 1911.
Insect Infestation: PHP 49,944,450
Drought: PHP 803,711,489,000
Volcanic Activity: PHP 12,716,936,850
Earthquake: PHP 32,586,242,904
Flood: PHP 205,790,733,822
Storm: PHP 1161,507,476,952.48
Total damages: PHP 1.4 trillion
At the present time, roughly twenty tropical cyclones enter the Philippines. Furthermore, according to Philippine Atmospheric, Geographical and Astronomical Services Administration (PAGASA), five will be considered destructive. Moreover, according to a Time article in 2013, the country is thought of as “most exposed country in the world to tropical storms”.
In general, typhoons happen at any time of the year. But they usually strike from June to September. And typhoons move from East to West and in a northern way. The winds have top speeds from 118km/h to 220km/h, hence the seriousness of the weather warnings.
Storms cause the most misery to Filipinos. Nearly 50,000 people died from storms, whilst earthquakes caused 10,000 deaths. The total number of deaths to date is 70,000.
Top 3 worst storms in the Philippines
Here are the three worst typhoons in the country’s history. We’ve also given the local names in brackets.
Typhoon Haiyan (Yolanda)
Economic damage: PHP 89.6 billion
Affected individuals: 16 million
Typhoon Bopha (Pablo)
Economic damage: PHP 42.2 billion
Affected individuals: 6.3 million
Typhoon Fengshen (Frank)
Economic damage: PHP 301 million
Affected individuals: 4,8 million
Typhoon Haiyan is the most destructive according to CRED’s database. But Typhoon Haiphong in 1881 killed more than 20,000 people in the Philippines alone.
The cost of natural disasters in The Philippines is huge! Therefore, it’s important to take care when a typhoon hits by staying up to date with weather warnings.
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