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The 10 costliest disasters in history

A pandemic, nuclear accidents, earthquakes and hurricanes in rich countries: the disasters that cost the most.

  1. 1

    COVID-19 pandemic

    Pandemic · December 2019 – May 2023 · Worldwide

    The SARS-CoV-2 coronavirus, identified in Wuhan at the end of 2019, spreads to every continent within weeks.

    ≈ $12,500 billion

  2. 2

    Chernobyl disaster

    Nuclear · 26 April 1986 · Ukraine (USSR)

    During a safety test, reactor No.

    ≈ $235 billion

  3. 3

    Tōhoku earthquake and tsunami

    Tsunami · 11 March 2011 · Japan

    A magnitude 9.0 – 9.1 earthquake, the most powerful ever measured in Japan, triggers a tsunami whose waves reach about 40 m in places and overtop the coastal seawalls.

    ≈ $235 billion

  4. 4

    Fukushima nuclear accident

    Nuclear · 11 March 2011 · Japan

    Cut off from power by the tsunami, the plant loses cooling in three reactors, which melt down.

    ≈ $190 billion

  5. 5

    Hurricane Katrina

    Hurricane & cyclone · 29 August 2005 · United States

    New Orleans’ levees fail under the storm surge: about 80% of the city is flooded.

    ≈ $125 billion

  6. 6

    Sichuan earthquake

    Earthquake · 12 May 2008 · China

    A magnitude 7.9 earthquake strikes the foothills of the Tibetan Plateau in the middle of the afternoon.

    ≈ $124 billion

  7. 7

    Turkey–Syria earthquakes

    Earthquake · 6 February 2023 · Turkey and Syria

    Two earthquakes of magnitude 7.8 and 7.7 strike nine hours apart, in the middle of a winter night, on the East Anatolian Fault.

    ≈ $104 billion

  8. 8

    Kobe earthquake

    Earthquake · 17 January 1995 · Japan

    A magnitude 6.9 earthquake strikes directly beneath a large modern city.

    ≈ $100 billion

  9. 9

    Hurricane Maria

    Hurricane & cyclone · 20 September 2017 · United States (Puerto Rico)

    A Category 4 hurricane crosses Puerto Rico from end to end, two weeks after Hurricane Irma.

    ≈ $90 billion

  10. 10

    Deepwater Horizon oil spill

    Industrial · 20 April 2010 · United States

    The explosion of the drilling rig operated for BP causes the largest accidental marine oil spill in history: about 4.9 million barrels escape over 87 days.

    ≈ $65 billion

Estimated costs in dollars of the time, not adjusted for inflation. Older disasters, rarely costed, do not appear. Ranking based on the disasters in the Mémoire du Globe atlas, using the most commonly accepted tolls. For older events, the figures are orders of magnitude.

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