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Headline data

Direct economic loss attributed to disasters in relation to global gross domestic product (GDP)
Year Value Units Series
2022 1.52 Percentage (%) Direct economic loss attributed to disasters in relation to global gross domestic product (GDP)

Geographical Area:

Unit of Measurement:

Footnote:

This table provides metadata for the actual indicator available from Nigeria statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Nigerian statistics, this table should be consulted for information on national methodology and other Nigerian-specific metadata information.

Definition and concepts

Direct economic loss: Direct loss is nearly equivalent to physical damage. The monetary value of total or partial destruction of physical assets existing in the affected area. Examples include loss to physical assets such as damaged housings, factories and infrastructure. Direct losses usually happen during the event or within the first few hours after the event and are often assessed soon after the event to estimate recovery cost and claim insurance payments. These are tangible and relatively easy to measure. Direct Economic loss in this indicator framework consists of agriculture loss, damage to industrial and commercial facilities, damage to housings and critical infrastructures.
Data sources

National Bureau of Statistics (NBS)
Data last updated Mar 09, 2025
Metadata last updated Mar 09, 2025

This table provides information on metadata for SDG indicators as defined by the UN Statistical Commission. Complete global metadata is provided by the UN Statistics Division.

Indicator

Indicator 1.5.2: Direct economic loss attributed to disasters in relation to global gross domestic product (GDP)
Target

Target 1.5: By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters
Metadata update

2024-12-20
International organisations(s) responsible for global monitoring

United Nations Office for Disaster Reduction (UNDRR)
Related indicators

11.5.2
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