costa rica earthquakes and hurricanes - world...

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COSTA RICA Earthquakes and Hurricanes RISK PROFILE What is a country disaster risk profile? An estimation of the potential economic losses to property caused by adverse natural hazards. Country Disaster Risk Profile Applications Evaluate impact of disasters Develop key baseline data Promote and inform risk reduction Inform disaster risk financing The earthquake risk in Costa Rica is more significant than the hurricane risk. Annual Average Loss (AAL) from earthquakes is US$ 407.5M (0.82% of GDP) and from hurricanes is US$ 0.25M (0.001% of GDP). The Probable Maximum Loss for earthquakes (250 year return period) is US$ 9.7B (20% of GDP) and for hurricanes (250 year return period) is US$ 22.6M (0.05% of GDP). Single-family, residential houses constructed with reinforced masonry bearing walls are the buildings most vulnerable to earthquakes, accounting for over 70% of AAL. Snapshot Two representations of earthquake risk Absolute Risk: The larger the circle, the higher the Annual Average Losses that the province could potentially incur over the long term. Relative Risk: The darker the color, the higher the ratio of AAL/Province Exposure. The darkest color represents the province of Guanacaste which has a higher proportion of vulnerable structures due to construction types and/or potentially higher earthquake intensity. Country At-A-Glance Urban 76% Private 59% GDP US$ 49.6 billion Population 4.9 million Total Building Exposure US$ (Replacement Value) 80.1 billion Rural 24% Public 41% Population Gross Capital Stock AAL (in millions US$) 10-41 42-73 74-160 Provinces by ratio (AAL/Province Exposure) lowest ratio nnnnn highest ratio Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized

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Page 1: COSTA RICA Earthquakes and Hurricanes - World …documents.worldbank.org/curated/en/270921494485089037/...COSTA RICA Earthquakes and Hurricanes RISK PROFILE What is a country disaster

COSTA RICA Earthquakes and Hurricanes RISK PROFILEWhat is a country disaster risk profile?An estimation of the potential economic losses to property caused by adverse natural hazards.

Country DisasterRisk ProfileApplications

Evaluate impact of disasters

Develop key baseline data

Promote and inform risk reduction

Inform disaster risk financing

The earthquake risk

in Costa Rica is more

significant than the

hurricane risk.

Annual Average Loss

(AAL) from earthquakes is

US$ 407.5M (0.82% of GDP) and from

hurricanes is US$ 0.25M (0.001% of GDP).

The Probable Maximum

Loss for earthquakes (250

year return period) is US$ 9.7B (20% of GDP)and for hurricanes (250

year return period) is US$ 22.6M (0.05% of GDP).

Single-family, residential

houses constructed with

reinforced masonry bearing

walls are the buildings most

vulnerable to earthquakes, accounting for over 70% of AAL.

Snapshot

Two representations of earthquake risk

Absolute Risk: The larger the circle, the higher the Annual Average Losses that the province could potentially incur over the long term.

Relative Risk: The darker the color, the higher the ratio of AAL/Province Exposure. The darkest color represents the province of Guanacaste which has a higher proportion of vulnerable structures due to construction types and/or potentially higher earthquake intensity.

Country At-A-Glance

Urban 76% Private 59%

GDP US$ 49.6 billion

Population 4.9 million

Total Building Exposure US$ (Replacement Value)80.1 billion

Rural 24%Public 41%

Population Gross CapitalStock

AAL (in millions US$)

10-4142-73

74-160

Provinces by ratio (AAL/Province Exposure)

lowest ratio nnnnn highest ratio

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Page 2: COSTA RICA Earthquakes and Hurricanes - World …documents.worldbank.org/curated/en/270921494485089037/...COSTA RICA Earthquakes and Hurricanes RISK PROFILE What is a country disaster

2.0%

1.6%

1.2%

0.8%

0.4%

0.0%

Estimated Losses Due to HURRICANESEstimated Losses Due to EARTHQUAKES

50 10050Historical 250100 500250 1,000500 1,000

What is at risk in Costa Rica?Economic assets such as residential and non-residential buildings are at risk. These assets that are exposed to natural disasters are referred to as a country’s Building Exposure.

The map illustrates the value and distribution of residential and non-residential buildings in Costa Rica at risk from earthquakes and hurricanes.

What are the potential losses in Costa Rica? These charts show the estimated potential future losses to Costa Rica that could be caused by earthquakes and hurricanes that could occur within a given return period. In 1910, a magnitude 6.5 earthquake struck Costa Rica. If this historical event were to happen in 2015, it would cause losses of US$ 3,800M, amounting to 8% of GDP.

How can earthquake risk be reduced?

Masonry structures are the most prevalent building types in Costa Rica, accounting for over 80% of AAL. Adobe structures, however, are the riskiest construction types.

Mill

ions

(US$

)

Mill

ions

(US$

)

Return period in yearsReturn period in years

$150

$100

$50

$0

$20,000

$15.000

$10,000

$5,000

$0

AAL

as a

% o

f its

tota

l

AAL

as a

% o

f exp

osed

val

ue (r

isk

indi

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Generalized construction type

100%

80%

60%

40%

20%

0%MasonryWood Critical

InfrastructureOther

LegendExposure (in millions US$) n < 18n 19 – 63n 64 – 134 n 135 – 240 n > 240

n AAL as % of exposed value n AAL as % of total

Adobe

COSTA RICA

To learn more, visit: collaboration.worldbank.org/groups/cdrp or email [email protected]

Financed byIn Collaboration with

Page 3: COSTA RICA Earthquakes and Hurricanes - World …documents.worldbank.org/curated/en/270921494485089037/...COSTA RICA Earthquakes and Hurricanes RISK PROFILE What is a country disaster

© 2016 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions

The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: [email protected].

COSTA RICA