europe and central asia (eca) affected capital loss...

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AUSTRIA CROATIA HUNGARY Gorenjska Goriska Jugovzodna Slovenija Koroska Notranjsko-kraska Obalno-kraska Osrednjeslovenska Podravska Pomurska Savinjska Spodnjeposavska Zasavska Ljubljana ADRIATIC SEA 0.66 2.4 3.7 5.1 16 GDP (billions of $) FLOOD EARTHQUAKE Negligible 10 5 1 Annual Average of Affected GDP (%) There is a high correlation (r=0.95) between the population and GDP of a province. TOP AFFECTED PROVINCES FLOOD EARTHQUAKE ANNUAL AVERAGE OF AFFECTED GDP (%) ANNUAL AVERAGE OF AFFECTED GDP (%) Spodnjeposavska Zasavska Savinjska Pomurska Podravska Osrednjeslovenska Goriska Gorenjska Jugovzodna Slovenija Koroska 8 8 7 7 3 3 2 2 0 0 Osrednjeslovenska Spodnjeposavska Gorenjska Notranjsko-kraska Goriska Savinjska Jugovzodna Slovenija Zasavska Obalno-kraska Podravska 10 4 3 2 2 2 1 1 1 1 S lovenia’s population and economy are exposed to earthquakes and floods, with earthquakes posing the greater risk of a high impact, lower probability event. The model results for present-day risk shown in this risk pro- file are based on population and gross domestic product (GDP) estimates for 2015. The estimated damage caused by historical events is inflated to 2015 US dollars. Just over half of Slovenia’s population lives in rural environments. The coun- try’s GDP was approximately US$44.5 billion in 2015, with close to 70 percent derived from services, most of the Slovenia EUROPE AND CENTRAL ASIA (ECA) RISK PROFILES 5.8 GDP $44.5 billion* Population 2.1 million* AFFECTED BY 100-YEAR FLOOD AFFECTED BY 250-YEAR EARTHQUAKE CAPITAL LOSS FROM 250-YEAR EARTHQUAKE $5 billion (10%) 200,000 (11%) $20 billion (51%) 900,000 (43%) $4 billion (8%) 1,000 (<1%) *2015 estimates remainder generated by industry, and agriculture making a small contribution. Slovenia’s per capita GDP was $21,500. This map displays GDP by province in Slovenia, with greater color saturation indicating greater GDP within a province. The blue circles indicate the risk of experiencing floods and the orange circles the risk of earthquakes in terms of nor- malized annual average of affected GDP. The largest circles represent the greatest normalized risk. The risk is estimated using flood and earthquake risk models. The table displays the provinces at greatest normalized risk for each peril. In relative terms, as shown in the table, the province at greatest risk of floods is Spodnjeposavska, and the one at greatest risk of earthquakes is Osrednjeslovenska. In absolute terms, the province at greatest risk of both floods and earthquakes is Osrednjeslovenska. 107

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Page 1: EUROPE AND CENTRAL ASIA (ECA) AFFECTED CAPITAL LOSS …pubdocs.worldbank.org/en/522191483041890607/slovenia.pdf · AUSTRIA CROATIA HUNGARY Gorenjska Goriska Jugovzodna Slovenija Koroska

A U S T R I A

C R O A T I A

H U N G A R Y

Gorenjska

Goriska

Jugovzodna Slovenija

Koroska

Notranjsko-kraska

Obalno-kraska

Osrednjeslovenska

Podravska

Pomurska

Savinjska

Spodnjeposavska

ZasavskaLjubljana

A D R I A T I C S E A

0.662.4 3.7 5.1 16

GDP (billions of $)

FLOOD

EARTHQUAKE

Negligible

10

5

1

Annual Average of Affected GDP (%)

There is a high correlation(r=0.95) between the

population and GDP of a province.

TOP AFFECTED PROVINCES

FLOOD EARTHQUAKEANNUAL AVERAGE OF AFFECTED GDP (%)

ANNUAL AVERAGE OF AFFECTED GDP (%)

SpodnjeposavskaZasavskaSavinjskaPomurskaPodravskaOsrednjeslovenskaGoriskaGorenjskaJugovzodna SlovenijaKoroska

887733220

0

OsrednjeslovenskaSpodnjeposavskaGorenjskaNotranjsko-kraskaGoriskaSavinjskaJugovzodna SlovenijaZasavskaObalno-kraskaPodravska

10432221

111

Slovenia’s population and economy are exposed to earthquakes and floods, with earthquakes posing

the greater risk of a high impact, lower probability event. The model results for present-day risk shown in this risk pro-file are based on population and gross domestic product (GDP) estimates for 2015. The estimated damage caused by historical events is inflated to 2015 US dollars.

Just over half of Slovenia’s population lives in rural environments. The coun-try’s GDP was approximately US$44.5 billion in 2015, with close to 70 percent derived from services, most of the

SloveniaEUROPE AND CENTRAL ASIA (ECA) RISK PROFILES

5.8

GDP $44.5 billion*

Population 2.1 million*

AFFECTED BY 100-YEAR FLOOD

AFFECTED BY 250-YEAR EARTHQUAKE

CAPITAL LOSS FROM 250-YEAR EARTHQUAKE

$5 billion (10%)

200,000 (11%)

$20 billion (51%)

900,000 (43%)

$4 billion (8%)

1,000 (<1%)

*2015 estimates

remainder generated by industry, and agriculture making a small contribution. Slovenia’s per capita GDP was $21,500.

This map displays GDP by province in Slovenia, with greater color saturation indicating greater GDP within a province. The blue circles indicate the risk of experiencing floods and the orange circles the risk of earthquakes in terms of nor-malized annual average of affected GDP. The largest circles represent the greatest normalized risk. The risk is estimated using flood and earthquake risk models.

The table displays the provinces at greatest normalized risk for each peril. In relative terms, as shown in the table, the province at greatest risk of floods is Spodnjeposavska, and the one at greatest risk of earthquakes is Osrednjeslovenska. In absolute terms, the province at greatest risk of both floods and earthquakes is Osrednjeslovenska.

107

Page 2: EUROPE AND CENTRAL ASIA (ECA) AFFECTED CAPITAL LOSS …pubdocs.worldbank.org/en/522191483041890607/slovenia.pdf · AUSTRIA CROATIA HUNGARY Gorenjska Goriska Jugovzodna Slovenija Koroska

A U S T R I A

C R O A T I A

H U N G A R Y

Gorenjska

Goriska

Jugovzodna Slovenija

Koroska

Notranjsko-kraska

Obalno-kraska

Osrednjeslovenska

Podravska

Pomurska

Savinjska

Spodnjeposavska

ZasavskaLjubljana

A D R I A T I C S E A

A U S T R I A

C R O A T I A

H U N G A R Y

Gorenjska

Goriska

Jugovzodna Slovenija

Koroska

Notranjsko-kraska

Obalno-kraska

Osrednjeslovenska

Podravska

Pomurska

Savinjska

Spodnjeposavska

ZasavskaLjubljana

A D R I A T I C S E A

The worst flood in Slovenia since it gained its indepen-dence in 1991 occurred in

2012. It affected more than 10,000 people and caused almost $300 mil-lion in damage. Flooding in 2005 gen-erated about $6 million in damage.

This map depicts the impact of flood-ing on provinces’ GDPs, represented as percentages of their annual aver-age GDPs affected, with greater color saturation indicating higher percent-ages. The bar graphs represent GDP affected by floods with return periods of 10 years (white) and 100 years (black). The horizontal line across the bars also shows the annual average of GDP affected by floods.

When a flood has a 10-year return period, it means the probability of occurrence of a flood of that magni-tude or greater is 10 percent per year. A 100-year flood has a probability of occurrence of 1 percent per year. This means that over a long period of time, a flood of that magnitude will, on average, occur once every 100 years. It does not mean a 100-year flood will occur exactly once every 100 years. In fact, it is possible for a flood of any return period to occur more than once in the same year, or to appear in consecutive years, or not to happen at all over a long period of time.

If the 10- and 100-year bars are the same height, then the impact of a 10-

year event is as large as that of a 100-year event, and the annual average of affected GDP is dominated by events that happen relatively frequently. If the impact of a 100-year event is much greater than that of a 10-year event, then less frequent events make a larger contribution to the annual average of affected GDP. Thus, even if a province’s annual affected GDP seems small, less frequent and more intense events can still have large impacts.

The annual average population affected by flooding in Slovenia is about 70,000 and the annual average affected GDP about $1 billion. Within the various provinces, the 10- and 100-year impacts do not differ much, so relatively frequent floods have large impacts on these averages.

EUROPE AND CENTRAL ASIA (ECA) RISK PROFILESFLOODSlovenia

0 1 2 4 8

Annual Average of Affected GDP (%)

6

30

15

5

Affected GDP (%) for

10 and 100-year return periods

Annual average

10-year 100-year

One block = 5%

108

Page 3: EUROPE AND CENTRAL ASIA (ECA) AFFECTED CAPITAL LOSS …pubdocs.worldbank.org/en/522191483041890607/slovenia.pdf · AUSTRIA CROATIA HUNGARY Gorenjska Goriska Jugovzodna Slovenija Koroska

A U S T R I A

C R O A T I A

H U N G A R Y

Gorenjska

Goriska

Jugovzodna Slovenija

Koroska

Notranjsko-kraska

Obalno-kraska

Osrednjeslovenska

Podravska

Pomurska

Savinjska

Spodnjeposavska

ZasavskaLjubljana

A D R I A T I C S E A

Slovenia’s worst earthquake since it gained its independence in 1991 took place in 2004, with

a magnitude of 5.2, and caused over $10 million in damage. Slovenia was also affected by a 1976 earthquake in Friuli, Italy, which left 13,000 people homeless in Slovenia’s Soca Valley and caused much damage there.

This map depicts the impact of earthquakes on provinces’ GDPs, represented as percentages of their annual average GDPs affected, with greater color saturation indicating higher percentages. The bar graphs represent GDP affected by earth-quakes with return periods of 10 years (white) and 100 years (black). The horizontal line across the bars also shows the annual average of GDP affected by earthquakes.

When an earthquake has a 10-year return period, it means the probabil-ity of occurrence of an earthquake of that magnitude or greater is 10 percent per year. A 100-year earth-quake has a probability of occurrence of 1 percent per year. This means that over a long period of time, an earthquake of that magnitude will, on average, occur once every 100 years. It does not mean a 100-year earth-quake will occur exactly once every 100 years. In fact, it is possible for an earthquake of any return period to occur more than once in the same year, or to appear in consecutive

years, or not to happen at all over a long period of time.

If the 10- and 100-year bars are the same height, then the impact of a 10-year event is as large as that of a 100-year event, and the annual average of affected GDP is dominated by events that happen relatively frequently. If the impact of a 100-year event is much greater than that of a 10-year event, then less frequent events make larger contributions to the annual av-erage of affected GDP. Thus, even if a province’s annual affected GDP seems small, less frequent and more intense events can still have large impacts.

The annual average population affected by earthquakes in Slovenia is about 80,000 and the annual average affected GDP about $2 billion. The annual averages of fatalities and capital losses caused by earthquakes are about 50 and about $200 million, respectively. The fatalities and capital losses caused by more intense, less frequent events can be substantial-ly larger than the annual averages. For example, an earthquake with a 0.4 percent annual probability of occurrence (a 250-year return period event) could cause about 1,000 fatalities and $4 billion in capital loss (about 8 percent of GDP).

EUROPE AND CENTRAL ASIA (ECA) RISK PROFILESEARTHQUAKESlovenia

0 1 2 4 8

Annual Average of Affected GDP (%)

6

90

4020

Affected GDP (%) for

10 and 100-year return periods

Annual average

10-year 100-year

One block = 10%

109

A U S T R I A

C R O A T I A

H U N G A R Y

Gorenjska

Goriska

Jugovzodna Slovenija

Koroska

Notranjsko-kraska

Obalno-kraska

Osrednjeslovenska

Podravska

Pomurska

Savinjska

Spodnjeposavska

ZasavskaLjubljana

A D R I A T I C S E A

Page 4: EUROPE AND CENTRAL ASIA (ECA) AFFECTED CAPITAL LOSS …pubdocs.worldbank.org/en/522191483041890607/slovenia.pdf · AUSTRIA CROATIA HUNGARY Gorenjska Goriska Jugovzodna Slovenija Koroska

A F G H A N I S T A N

C H I N A

K Y R G Y Z R E P U B L I C

P A K I S T A N

U Z B E K I S T A N

Badakhshoni Kuni

Khatlon

Sogd

Tadzhikistan TerritoriesDushanbe

The rose diagrams show the provinces with the potential for greatest annual average capital losses and highest

annual average numbers of fatalities, as determined using an earthquake risk model. The potential for greatest capital loss occurs in Osrednjeslovenska, which is not surprising, given the economic importance of the province.

EUROPE AND CENTRAL ASIA (ECA) RISK PROFILESSlovenia

EARTHQUAKEEXCEEDANCE PROBABILITY CURVE, 2015 AND 2080

FLOODEXCEEDANCE PROBABILITY CURVE, 2015 AND 2080 The exceedance probability curves display the GDP

affected by, respectively, floods and earthquakes for varying probabilities of occurrence. Values for two different time periods are shown. A solid line depicts the affected GDP for 2015 conditions. A diagonally striped band depicts the range of affected GDP based on a selection of climate and socioeconomic scenarios for 2080. For example, if Slo-venia had experienced a 100-year return period flood event in 2015, the affected GDP would have been an estimated $5 billion. In 2080, however, the affected GDP from the same type of event would range from about $7 billion to about $20 billion. If Slovenia had experienced a 250-year earth-quake event in 2015, the affected GDP would have been about $20 billion. In 2080, the affected GDP from the same type of event would range from about $40 billion to about $150 billion, due to population growth, urbanization, and the increase in exposed assets.

All historical data on floods and earthquakes are from D. Guha-Sapir, R. Below, and Ph. Hoyois, EM-DAT: International Disaster Database (Université Catholique de Louvain, Brussels, Belgium), www.emdat.be, and J. Daniell and A. Schaefer, “Eastern Europe and Central Asia Region Earthquake Risk Assessment Country and Province Profiling,” final report to GFDRR, 2014. Damage estimates for all historical events have been inflated to 2013 US$. More information on the data and context can be found in the full publication, Europe and Central Asia Country Risk Profiles for Floods and Earthquakes, at www.gfdrr.org/publications, or by contacting Joaquin Toro ([email protected]) or Dr. Alanna Simpson ([email protected]). Please see the full publication for the complete disclaimer and limitations on methodology. Although GFDRR makes reasonable efforts to ensure all the information presented in this document is correct, its accuracy and integrity cannot be guaranteed.

Aff

ecte

d G

DP

(b

illi

on

s o

f $

)

EARTHQUAKEANNUAL AVERAGE FATALITIES

EARTHQUAKEANNUAL AVERAGE CAPITAL LOSS ($)

Return period (years)

Probability (%)

10

10

250

0.4

50

2

100

1

100

80

40

20

60

120

140

180

160

2080

2015

Return period (years)

Probability (%)

10

10

250

0.4

50

2

100

1

5

25

10

15

20

2080

2015

Savinjska 9Obalno-kraska 3

Gorenjska 10

Podravska 4

Osr

ednj

eslo

vens

ka20

0

Jugo

vzod

naSl

oven

ija 5

Goriska 6

Notranjsko-kraska 2

Spodnjeposavska

5

Pomurska 1

Goriska 3Spodnjeposavska 0

Gorenjska 6

Notranjsk

o-kraska 1

Oba

lno-

kras

ka 1

Savinjska 1

Podravska 0

Jugovzodna

Slovenija 1

Koroska 0 Osr

ednj

eslo

vens

ka30

110