Negative impact of earthquakes: Widespread destruction: Earthquakes can cause widespread destruction and if that was not enough, they can also generate tsunamis which only further devastate the concerned region, the perfect example of the same would be the 2011 Tohoku earthquake off the coast of Japan which generated a massive tsunami that resulted in widespread destruction, and loss of life. Fire is also a hazardous impact of Earthquake that results in more destruction than ground shaking. This showed the economic impact of cascading effects of earthquakes with the earthquake, then the tsunami, and then the powerplant disaster, compounding the economic losses. To be sure, as noted earlier, the range of damages from such earthquakes is extremely wide and can vary greatly based on magnitude, geology, population density and epicenter, not unlike the varying conditions that … The 1995 Kobe earthquake, for example, resulted in damage estimated at around 2% of GDP. Economic damages of the earthquake in haiti the socioeconomic impact of earthquake overview of the 2010 haiti earthquake impacts of the 2010 earthquake in haiti haiti earthquake crisis and response Roeconomic Impacts Of The 2010 Earthquake In HaitiRoeconomic Impacts Of The 2010 Earthquake In HaitiNatural Disasters IndexmundiTop Donors In Haiti Earthquake Response 2010 2016Haiti Earthquake … The maximum damage during the 1906 San Francisco earthquake was … Earthquake exposed electricity/power lines and leaking gas pipelines are a major cause of fire after an earthquake. 2038 | Find, read and cite all the research you need on ResearchGate However, in terms of relative loss for a country, the Armenian earthquake of 1988, although technically occurring under the former USSR, occurred at a point when the effects were borne mostly by the country of Armenia. Such disasters reduce potential growth through damage to tangible fixed assets and injury and loss of life. PDF | On Jan 1, 2012, J E Daniell and others published The Worldwide Economic Impact of Earthquakes, Paper No. The impact of the earthquake on the agriculture sector is yet to be assessed in terms of the anticipated losses in production and output. The economic damage of the two Moore tornadoes is similar to the median damage of large earthquakes in highly populated areas of developed countries since 1985 ($2.0 billion). As a result, output of this sector is anticipated to drop … economic impacts and these impacts adversely affect the economy of the country or state. While the agriculture land might not have been severely affected, agriculture labor, inputs, markets and infrastructures such as irrigation systems, drainage canals, and roads have incurred damages.

The destruction caused by the earthquake and the subsequent tsunami is so large that it is not possible at this point to estimate its economic impact.