How did the Boxing Day tsunami affect the economy?
How did the Boxing Day tsunami affect the economy?
US $ 9.9 billion was originally estimated to be the value of economic, infrastuctural and human development losses. 5. Over 600,000 people in Aceh lost their livelihoods (in some cases only for a few months) including all those in the fishery sector and 30 percent of those in agriculture.
What are the economic impacts of tsunamis?
Loss of income in the local economy and future losses from the destruction of infrastructure will be a problem for some time to come. The total financial cost of the tsunami could be millions or even billions of dollars of damage to coastal structures and habitats.
What were the social impacts of the Boxing Day tsunami?
Social impacts of the tsunami (effects on people) 1.7 million homeless. 5-6 million needing emergency aid, eg food and water. Threat of disease from mixing of fresh water, sewage and salt water. 1,500 villages destroyed in northern Sumatra.
How did the Boxing Day tsunami affect the people and the land?
Social Impact The Boxing Day Tsunami caused an estimation of 230,000 deaths and left 1.7 million people homeless ( (Worldvision 2021). In northern Sumatra, the epicenter of the event, 1,500 villages were destroyed. Over 5 million people were injured and needed emergency aid, food, and water.
How much money did it cost to repair the damage of the Boxing Day tsunami?
The disaster generated a massive aid and reconstruction program, with around 463 non-government organisations and agencies spending around $7.5 billion. This made post-tsunami Aceh one of the largest reconstruction projects in the developing world. Australian donors and the government gave more than $1 billion.
How did the 2004 tsunami impact the economy?
Also, the island reported devastating economic loss in millions of dollars due to hotels, housing, public utilities, and fishing damages. More than 300 deaths were reported and 5,000 displaced. Tsunami killed ten people with unknown number missing along with significant economic damages.
What was the economic cost of the 2004 tsunami?
In terms of the death toll and the number of displaced people, this was the worst natural disaster in recorded history in Indonesia, Sri Lanka and Thailand. The total economic cost of damage was estimated at US$ 9.4 billion. In Aceh the cost of damage (US$4.5billion), was almost equal to its GDP in the previous year.
What aid was given after the Boxing Day tsunami?
DEC member charities including the British Red Cross built more than 13,700 new homes like Sabri’s, which were designed to be more earthquake resistant, providing long term safety to families affected by this disaster.
How did the Boxing Day tsunami happen?
What caused the boxing day tsunami was A magnitude 9.3 earthquake that occurred on the seafloor off the western coast of Sumatra. It ruptured over a 1200km section of a fault under the sea, causing a huge area of the sea floor to be raised . It spread out as a tsunami.
