This indicator shows the level of economic damage attributed to earthquake hazard events, showing an average of yearly impacts resulting from this hazard type, covering the period 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 indicator is expressed in proportion of yearly NUTS 3 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.
Theme(s): Economy, finance and trade - Environment and Energy - Environment, Climate and Energy
Direct and indirect economic losses are calculated for each of the four hazard types individually, and for their total, on a yearly basis for the period 1995-2017. Based on this, average of yearly impacts are calculated for Earthquake damages separately. While the direct and indirect economic losses are in the first place calculated at the NUTS2 level due to the available granularity of the input-output dataset, after they are disaggregated to the NUTS3 level using Eurostat GVA (Gross Value Added) dataset at the NUTS2 and NUTS3 levels.