UPDATE: Bloomberg March 23, 2011 – Japan’s government estimated the damage from this month’s record earthquake and tsunami at as much as 25 trillion yen ($309 billion), an amount almost four times the hit imposed by Hurricane Katrina on the U.S.
The destruction will push down gross domestic product by as much as 2.75 trillion yen for the year starting April 1. The figure, about 0.5 percent of the 530 trillion yen economy, reflects a decline in production from supply disruptions and damage to corporate facilities without taking into account the effects of possible power outages.
estimates from different companies saying the losses could be about a $171 billion in total in the earthquake zone alone. That’s not just for the clean up, but the economic losses too. Other people saying, probably much lower — about $35 billion. But that would still make it one of the most expensive disasters ever. Second only, in fact, when you take inflation into account, to Hurricane Katrina.
The Largest Earthquakes
Rank Date Location Name Magnitude 1 May 22, 1960 Valdivia, Chile 1960 Valdivia earthquake 9.5 2 Mar 27, 1964 Prince William Sound,Alaska, USA 1964 Alaska earthquake 9.2 3 Dec 26, 2004 Sumatra, Indonesia 2004 Indian Ocean earthquake 9.1 4 Nov 4, 1952 Kamchatka, Russia 1952 Kamchatka earthquakes 9.0 5 Mar 11, 2011 Sendai, Japan 2011 Sendai earthquake 9.0 6 Nov 25, 1833 Sumatra, Indonesia 1833 Sumatra earthquake 8.8–9.2 (est.) Jan 31, 1906 Ecuador – Colombia 1906 Ecuador-Colombia earthquake 8.8 Feb 27, 2010 Maule, Chile 2010 Chile earthquake 8.8 9 Jan 26, 1700 Pacific Ocean, USA/Canada 1700 Cascadia earthquake 8.7–9.2 (est.) July 8, 1730 Valparaiso, Chile 1730 Valparaiso earthquake 8.7–9.0 (est.) Nov 1, 1755 Lisbon, Portugal 1755 Lisbon earthquake 9.0 (est.) Feb 4, 1965 Rat Islands, Alaska 1965 Rat Islands earthquake 8.7 13 Aug 15, 1950 Assam, India, China 1950 Medog earthquake 8.6 Mar 9, 1957 Andreanof Islands,Al 1957 Andreanof Islands earthquake 8.6 Mar 28, 2005 Sumatra, Indonesia 2005 Sumatra earthquake 8.6
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