Economic losses from climate-related extremes

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2023

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Between 1980 and 2021, extreme events related to climate change in EU-27 resulted in an economic loss of EUR 560 billion, of which EUR 56.6 billion from 2021. Climate extremes are becoming more common. Without further action, even greater economic damage is expected in the future. This trend is also noticeable in Slovenia. The difference between the period 1980-2015 and 1980-2021 is as much as € 2,38 billion. In comparison to the previous period 1980-2020, the difference is € 1,01 billion. With a purpose of adaptation, the EU has adopted a climate strategy aimed at building resilience and ensuring that Europe is well prepared to manage risks and adapt to the impacts of climate change.

Charts

Figure PP01-1: Insured and total damage due to extreme weather and climatic conditions, Slovenia, 1980-2021

Sources:

EEA, 2023

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	Total Losses[million €]	Insured losses [million €]
1980-2021	3848	3082
1980 - 2020	3747	1603
1980 - 2019	1819	226
1980 - 2017	1690	203
1980 - 2016	1630	200
1980 - 2015	1470	188

Export Table Data

Figure PP01-2: Damage per square km and damage per capita, Slovenia, 1980-2021

Sources:

EEA, 2023

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	Loss per sq. km [€]	Loss per capita [€]
1980 - 2015	73800	726
1980 - 2016	81700	804
1980 - 2017	84600	834
1980 - 2019	89750	909
1980 - 2020	184825	1870
1980 - 2021	189819	1918

Export Table Data

Figure PP01-3: Impacts of extreme weather and climate related events in the EEA member countries (1980-2021)

Sources:

EEA, 2023

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	Losses [million €]
Germany	150519
France	106278
Italy	91578
Spain	64864
Switzerland	16795
Poland	16362
Czechia	15344
Romania	14614
Portugal	13662
Belgium	13067
Austria	12382
Greece	11180
Netherlands	10117
Denmark	8406
Hungary	6194
Türkiye	4929
Bulgaria	4036
Slovenia	3848
Sweden	3704
Ireland	2998
Croatia	2956
Finland	2173
Norway	2036
Slovakia	1566
Lithuania	1452
Latvia	1049
Luxembourg	809
Cyprus	397
Estonia	263
Malta	51
Iceland	22
Liechtenstein	1

Export Table Data

Figure PP01-4: Economic damage caused by weather and climate-related extreme events in Europe (1980-2021)

Sources:

EEA, 2023

Chart note:

For the purposes of this indicator, weather and climate-related extreme events are defined as meteorological events (storms), hydrological events (floods, mass movements) and climatological events (heatwaves, cold waves, droughts, forest fires).

Total economic damages, in million euros (2021 values), are based on records from the CATDAT provided by RiskLayer (dataset url is not available)) and Eurostat structural indicators.

Show data


	Climatological events[EUR million (2019 values)]	Hydrological events[EUR million (2019 values)]	Meteorological events[EUR million (2019 values)]
1980	3.36	2.65	0.02
1981	3.50	1.38	1.02
1982	4.62	4.53	0.01
1983	0.46	17.73	0.22
1984	0	0.93	6.80
1985	1.77	1.36	0.02
1986	2.46	0.42	0.25
1987	1.22	6.81	7.14
1988	0	1.03	0.30
1989	2.42	0.83	1.52
1990	11.18	2.09	14.71
1991	1.27	1.11	0.08
1992	3.15	2.79	0.77
1993	0	2.98	1.72
1994	0.07	17.54	1.25
1995	1.16	1.28	2.90
1996	0.63	2.33	0.36
1997	1.48	11.25	0.22
1998	2.20	1.96	0.85
1999	4.66	4.26	24.57
2000	2.64	16.06	0.72
2001	0.02	2.62	1.59
2002	0.34	34.74	4.90
2003	20.08	4.07	0.41
2004	1.46	0.49	2.19
2005	6.73	6.87	4.87
2006	1.03	0.89	1.77
2007	1.54	0.71	7.84
2008	0.25	1.54	3.42
2009	0.37	1.39	5.96
2010	0.12	11.27	5.97
2011	0.79	4.29	1.32
2012	1.40	0.81	1.61
2013	0.01	11.69	11.49
2014	0.12	5.21	6.70
2015	3.06	3.84	3.38
2016	1.17	7.10	1.54
2017	16.23	2.20	9.98
2018	6.48	1.75	14.38
2019	7.73	8.36	7.75
2020	1.63	3.43	7.41
2021	0.58	43.18	12.76