Impact of Earthquake

Economic

The economic impact of an earthquake or any natural disaster can be classified as:

1. Losses to immovable assets,
2. Losses to movable assets
3. Economic losses due to business interruption,
4. Public Sector economic costs, and
5. Household income losses due to death, injury, and job disruption.

• The first impact consists of the direct economic losses due to destroyed or severely damaged buildings and other structures (such as power substations). Losses to movable assets consist of economic losses due to damaged or destroyed contents of buildings and other private property.
• Public sector economic costs accrue because of loss of revenues and increases in expenses for the public ....