Global Volcano Total Economic Loss Risk Deciles

First, subnational distributions of Gross Domestic Product (GDP) are computed using a two-fold process. Where applicable, the proportional contribution of subnational Units are determined following the methodology of Sachs et al. (2003) and these proportions are used against World Bank Development Indicators to determine a GDP value for the subnational Unit.

Once a national GDP has been spatially stratified into the smallest administrative Units available, it is further distributed based upon Gridded Population of the World, Version 3 (GPWv3) population distributions. A per capita contribution value is determined for each Unit, and this value is multiplied by the population per grid cell. Once the GDP has been determined on a per grid cell basis, then the spatially variable loss rate as derived from EM-DAT historical records is used to determine the total economic loss posed to a grid cell by volcano hazards.