Expected Costs of Damage From Hurricane Winds and Storm-Related Flooding

Congressional Budget Office

No 55019, Reports from Congressional Budget Office

Abstract: Damage from hurricane winds, storm surges, and heavy rain imposes costs on private entities, such as households and businesses, and on all levels of government. By CBO’s estimate, the expected economic losses (average losses over the long run) from most types of such damage total $54 billion per year: $34 billion to the residential sector, $9 billion to commercial businesses, and $12 billion to the public sector.

JEL-codes: H50 H84 Q50 Q54 Q58 (search for similar items in EconPapers)
Date: 2019-04-10
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