The Cost Of 2011’s Earthquakes

Earthquake economic losses, 2011; Source: CATDAT

China experienced the second largest number of damaging earthquakes last year, 20, after Japan, according to the latest annual report from CATDAT, an Australian database maintained by James Daniell & Armand Vervaeck. That was five more than in 2010. While not matching up to the catastrophes in Japan and New Zealand last year, the economic toll on China was significant, as the CATDAT chart above shows. The most damaging, in terms of economic losses, was the Yingjiang quake in March, at $407 million. The Sikkim quake in September caused an estimated $200 million of damage in Tibet, CATDAT says. By way of comparison, drought, flood and other meteorological disasters caused $48 billion of damage in China last year.

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