NATURAL DISASTERS IN NORTHERN TERRITORY
The total economic cost of natural disasters in the NT over the 10 years to 2016 has averaged $50m per year
100% of the economic costs of natural disasters in the NT over the 10 years to 2016 were attributed to Cyclones
Today, based on the history of natural disasters over the past 50 years, the total economic cost of natural disasters in the NT is estimated to be $1.3bn per year
NT costs are anticipated to be significantly higher in the long term compared to the past decade. This is because relatively few major disasters happened in the past decade, compared to earlier years.
The cost in the NT is forecast to reach $3.3bn a year by 2050
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