The dataset shows the level of economic damage attributed to the four investigated natural hazard types (flood, windstorm, drought, earthquake), average yearly impact covering the years 1995-2017. The economic damage due to natural hazard events is the result of combining damage costs taken from public databases, regional input-output tables published by the PBL Netherlands, as well as regional gross value added data from Eurostat. The main indicator created is Average economic damage due to natural hazards (average for the period 1995-2017), in proportion of yearly GVA, by NUTS 3 regions across the European territory. This dataset is a result of ESPON TITAN project. The scale of the dataset is NUTS 3 and the spatial coverage includes the EU-27 countries (except for Croatia) plus UK.