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Climate related economic losses (sdg_13_40)

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Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Eurostat, the statistical office of the European Union

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Eurostat Quality Profile

Quality concept Rating
Source data

RiskLayer

Frequency of dissemination Every year
Timeliness T+1 year
Reference area All EU MS
Comparability - geographical All EU MS
Coverage - Time > 10 years
Comparability - over time > 4 data points

1.1. Contact organisation

Eurostat, the statistical office of the European Union

1.2. Contact organisation unit

E2: Environmental statistics and accounts; sustainable development

1.3. Contact name

Confidential because of GDPR

1.4. Contact person function

Confidential because of GDPR

1.5. Contact mail address

5 Rue Alphonse Weicker. L-2721 Luxembourg

1.6. Contact email address

Confidential because of GDPR

1.7. Contact phone number

Confidential because of GDPR

1.8. Contact fax number

Confidential because of GDPR

2.1. Metadata last certified

22 April 2025

2.2. Metadata last posted

22 April 2025

2.3. Metadata last update

22 April 2025

The indicator is part of the EU Sustainable Development Goals (SDG) indicator set. It is used to monitor progress towards SDG 13 on climate action which is embedded in the European Commission’s Priorities under 'Sustaining our quality of life: food security, water and nature'. SDG 13 seeks to implement the commitment to the United Nations Framework Convention on Climate Change for achieving a climate neutral world by mid-century to limit global warming to well below 2°C and aiming at 1.5°C (compared to pre-industrial times). It also aims to strengthen countries’ resilience and adaptive capacity to climate-related natural hazards and the resulting disasters.

This indicator can be considered as similar to the global SDG indicators 1.5.2 and 11.5.2 "Direct disaster economic loss in relation to global GDP" (related to Sendai indicator).

The EU places disaster and climate resilience as a central objective in its humanitarian assistance. The EU Resilience Marker is used in all humanitarian projects to define ways to reduce disaster risks and to strengthen people's coping capacities to disasters and crises. The Action Plan for the Sendai Framework for Disaster Risk Reduction 2015 – 2030 includes a strong focus on climate change adaptation, linking it to disaster risk reduction strategies and their coherent implementation in EU partner countries.

Furthermore, the new EU Adaptation Strategy urges smarter, faster and more systematic adaptation to fulfil the vision that in 2050, the EU will be a climate-resilient society, fully adapted to the unavoidable impacts of climate change. 

4.1. Data description

The indicator measures the economic losses from weather and climate-related events. Weather and climate-related events are defined as meteorological events (storms, avalanches), hydrological events (floods) and climatological events (heatwaves, cold waves, droughts, forest fires) based on the classification by the International Council for Science (ICSU).

In addition to the annual figures, a smoothed time-series based on 30-year averages is presented. In line with the climate normal period as defined by World Meteorological Organisation, these 30 years average figures reflect trends excluding the substantial climate variability on shorter time scales due to natural factors. The indicator is based on data from CATDAT of RiskLayer.

4.2. Unit of measure

million EUR and EUR per capita (2023 constant prices)

4.3. Reference Period

Calendar year
Moving thirty-year average

4.4. Accuracy - overall

Indicator from non-ESS sources. For assessment of accuracy please refer to the original source (see link to external data source and metadata in section “Annexes”).

4.5. Source data

4.5.1. Source data - Organisation

RiskLayer

4.5.2. Source data - Comment

Data source: CATDAT of Risklayer.

Data provider: European Environment Agency (EEA).

5.1. Frequency of dissemination

5.1.1. Frequency of dissemination - Grade

Every year

5.1.2. Frequency of dissemination - Comment

Indicator is disseminated every year.

5.2. Timeliness

5.2.1. Timeliness - Grade

T+1 year

5.2.2. Timeliness - Comment

New data points are disseminated within one year after the reference year.

6.1. Reference area

6.1.1. Reference Area - Grade

All EU MS

6.1.2. Reference Area - Comment

All EU MS as well as Iceland, Liechtenstein, Norway, Switzerland and Türkiye.

6.2. Comparability - geographical

6.2.1. Comparability - geographical - Grade

All EU MS

6.2.2. Comparability - geographical - Comment

All EU MS as well as Iceland, Liechtenstein, Norway, Switzerland and Türkiye.

6.3. Coverage - Time

6.3.1. Time Coverage - Grade

> 10 years

6.3.2. Time Coverage - Comment

Presented time series starts in year 1980.

6.4. Comparability - over time

6.4.1. Comparability - over time - Grade

> 4 data points

6.4.2. Comparability - over time - Comment

Length of comparable time series without methodological break is longer than 4 data points.

7.1. Dissemination format - Publications

Analysis of indicator is presented in Eurostat's annual monitoring report on Sustainable development in the EU (progress towards SDGs in the EU context).

7.2. Dissemination format - online database

See table  sdg_13_40

7.3. Dissemination format - other

Eurostat dedicated section on SDGs: Eurostat overview.

Copyrights: Eurostat Copyright/Licence Policy is applicable.