Global Multihazard Total Economic Loss Risk Deciles

First, for each of the considered hazards (cyclones, droughts, earthquakes, floods, landslides, and volcanoes), subnational distributions of Gross Domestic Product (GDP) are computed using a methodology developed from Sachs et al. (2003). Where applicable, the contributions of subnational Units to national GDP estimates, the contribution ratio, are determined using data of varied origin.

World Bank Development Indicators are substituted for GDP estimates of varied origin and the subnational GDP is estimated using the fore mentioned contribution ratios. A subnational, per capita GDP is derived and a final GDP estimate per grid cell is made based on grid cell population density. A raw, total economic loss is computed per grid cell using a regional economic loss rate derived from EM-DAT records.