Eidsvold earthquake 2015 economic cost
People gather near cracks in a road caused by an earthquake in Bhaktapur, Nepal, April 26, 2015. The economic impact from Saturday's magnitude-7.8 quake could be as much as $10 billion.Reuters. Even before Saturday’s massive earthquake in Nepal, the Himalayan country wedged between India and China was faltering.ourism as a share of the country’s economic activity more than doubled last year, to about $677 million, rapidly approaching 10 percent of the country’s GDP. Most of Nepal’s tourists come from China and India, who flock to the country’s religious temples. Damage in Nepal estimated up to $10bn, may exceed entire GDP. Get short URL. The total economic cost of the destruction from Nepal’s earthquake and aftershocks is most likely to total between $1-10 billion, with the second most probable scenario showing damage may reach $100 billion.Tags Natural disasters, Asia, Agriculture, Economy, Earthquake.et short URL. The total economic cost of the destruction from Nepal’s earthquake and aftershocks is most likely to total between $1-10 billion, with the second most probable scenario showing damage may reach $100 billion. Tags Natural disasters, Asia, Agriculture, Economy, Earthquake. The April 2015 Nepal earthquake (Nepali: विसं २०७२ को महाभूकम्प)(also known as the Gorkha earthquake) killed more than 9,000 people and injured more than 23,000. It occurred at. on 25 April, with a magnitude of 7.8 Mw or 8.1 Ms and a maximum Mercalli Intensity of IX (Violent). second major earthquake occurred on 12 May 2015 at 12:51 NST with a moment magnitude (M w) of 7.3M w 18 km (11 mi) southeast of Kodari. The epicenter was near the Chinese border between the capital of Kathmandu and Mt. Everest. The initial estimates of the economic damage caused by the April 25 earthquake in Nepal are in—and the numbers are staggering. The overall damage is estimated to be at about $10 billion, according to the Nepal government —nearly half of its gross domestic product (GDP) of $19.2 billion.he initial estimates of the economic damage caused by the April 25 earthquake in Nepal are in—and the numbers are staggering. The overall damage is estimated to be at about $10 billion, according to the Nepal government —nearly half of its gross domestic product (GDP) of $19.2 billion. The death toll from Saturday's 7.8 magnitude earthquake is expected to rise beyond the current 3,862 tally, and initial damage reports indicate widespread devastation. The total economic cost of reconstruction in Nepal could top $5 billion, according to an early estimate from IHS.The U.S. Geological Survey said the damage costs would most likely fall between $1 billion and $10 billion, but could range much higher. Related: How to help victims of the Nepal earthquake.he total economic cost of reconstruction in Nepal could top $5 billion, according to an early estimate from IHS. The U.S. Geological Survey said the damage costs would most likely fall between $1 billion and $10 billion, but could range much higher. Related: How to help victims of the Nepal earthquake. The magnitude 7.9 earthquake struck some 80km northwest of the capital Kathmandu and has affected eight million people, just under one-third of the population with upwards of 5,000 people killed. The economic losses could be as much as $10bn, according to an estimate from US Geological Survey.he cost of rebuilding is $5bn, according to IHS. All this in a country with economic growth that was already expected to slow, with an unemployment rate of more than 40 percent, and a reliance on agriculture, tourism and remittances to support its $19bn economy. Nepal is home to the world's highest mountain and is wedged between two growing economic superpowers, but it is one of the poorest countries in the world. Now it is struggling to cope with the worst earthquake to hit the Himalayan nation in 80 years.he cost of rebuilding is $5bn, according to IHS. All this in a country with economic growth that was already expected to slow, with an unemployment rate of more than 40 percent, and a reliance on agriculture, tourism and remittances to support its $19bn economy. Kenichi Yokoyama, the Nepal country director for the Asian Development Bank, is joining us via Skype from Kathmandu to talk about aid efforts and the economic cost of Nepal's earthquake.'Oceanomics'. Oceans cover more than two-thirds of our planet.he cost of rebuilding is $5bn, according to IHS. All this in a country with economic growth that was already expected to slow, with an unemployment rate of more than 40 percent, and a reliance on agriculture, tourism and remittances to support its $19bn economy. Events of the size of the May 12, 2015 earthquake are typically about 55x30 km in size (length x width). The April 25, 2015 M 7.8 mainshock had approximate dimensions of ~120x80 km, directed from its hypocenter eastwards, and towards Kathmandu.The May 12, 2015 earthquake is located at the eastern end of that rupture.vents of the size of the May 12, 2015 earthquake are typically about 55x30 km in size (length x width). The April 25, 2015 M 7.8 mainshock had approximate dimensions of ~120x80 km, directed from its hypocenter eastwards, and towards Kathmandu. The May 12, 2015 earthquake is located at the eastern end of that rupture. This earthquake is the largest aftershock to date of the M 7.8 April 25, 2015 Nepal earthquake – known as the Gorkha earthquake-which was located 150 km to the west of the May 12 event, and which ruptured much of the decollement decollément between these two. earthquakesvents of the size of the May 12, 2015 earthquake are typically about 55x30 km in size (length x width). The April 25, 2015 M 7.8 mainshock had approximate dimensions of ~120x80 km, directed from its hypocenter eastwards, and towards Kathmandu. The May 12, 2015 earthquake is located at the eastern end of that rupture.
$677 million