How much did it cost to rebuild Chile after the 2010 earthquake?
The Chilean government has estimated that the cost to rebuild the damaged hospitals will be about $3.6 billion.
How much did the 2010 Chile tsunami cost?
estimated that the Chilean quake and tsunami would cost the insurance industry between 4 and 7 billion dollars. The rival German-based Munich Re AG made the same estimate. Earthquake’s losses to economy of Chile are estimated at US $15-30 billion.
What was the economic cost of the 2010 Chile earthquake?
By most standards, the Maule earthquake was a catastrophe for Chile. The economic losses totaled $30 billion USD or 17% of the GDP of the country. Twelve million people, or ¾ of the population of the country, were in areas that felt strong shaking.
How did Chile recover from the 1960 earthquake?
After being hit by the planet’s largest-ever recorded earthquake back in 1960, Chile developed strict anti-seismic building codes. Building codes were updated so structures could better withstand seismic waves.
How much money did the Chile earthquake cost?
The Valdivia earthquake left two million people homeless, injured at least 3,000, and killed approximately 1,655. The economic damage totaled $550 million (more than $4.8 billion, adjusted for 2020 inflation).
How much damage did the Bio Bio earthquake cause?
The Valdivia earthquake left two million people homeless, injured at least 3,000, and killed approximately 1,655. The economic damage totaled $550 million (more than $4.8 billion, adjusted for 2020 inflation). The Valdivia earthquake triggered a massive tsunami that raced across the Pacific.
What are the economic impacts of earthquakes?
Effects of an earthquake
| Social impacts | Economic impacts | |
|---|---|---|
| Long-term impacts | Disease may spread. People may have to be re-housed, sometimes in refugee camps. | The cost of rebuilding a settlement is high. Investment in the area may be focused only on repairing the damage caused by the earthquake. Income could be lost. |
How much damage did the 1960 Chile earthquake cost?
How much money did the Valdivia earthquake cost?
Various estimates of the total number of fatalities from the earthquake and tsunamis have been published, ranging between 1,000 and 6,000 killed. Different sources have estimated the monetary cost ranged from US$400 million to $800 million (or $3.5 billion to $7 billion in 2020, adjusted for inflation).