COSTA RICA Earthquakes and Hurricanes RISK PROFILE What is a country disaster risk profile? An estimation of the potential economic losses to property caused Snapshot by adverse natural hazards.  The earthquake risk Develop key baseline data in Costa Rica is more Country Disaster Evaluate impact of disasters Risk Profile significant than the Promote and inform risk reduction Applications hurricane risk. Inform disaster risk financing Annual Average Loss (AAL) from earthquakes is Country At-A-Glance US$ 407.5M (0.82% GDP US$ Population Total Building Exposure US$ (Replacement Value) of GDP) and from 49.6 billion 4.9 million 80.1 billion hurricanes is US$ 0.25M Population Gross Capital Rural 24% Stock Public 41% (0.001% of GDP). Urban 76% Private 59% The Probable Maximum Loss for earthquakes (250 year return period) is US$ Two representations of earthquake risk 9.7B (20% of GDP) and for hurricanes (250 year return period) is US$ 22.6M (0.05% of AAL (in millions US$) GDP). 74-160 42-73 10-41 Single-family, residential houses constructed with Provinces by ratio reinforced masonry bearing (AAL/Province Exposure) walls are the buildings most lowest ratio nnnnn highest ratio vulnerable to earthquakes, Absolute Risk: The larger the circle, the higher the Annual Average accounting for over Losses that the province could potentially incur over the long term. Relative Risk: The darker the color, the higher the ratio of AAL/Province 70% of AAL. Exposure. The darkest color represents the province of Guanacaste which has a higher proportion of vulnerable structures due to construction types and/or potentially higher earthquake intensity. COSTA RICA What is at risk in Costa Rica? Economic assets such as residential and non-residential buildings are at risk. These assets that are exposed to natural disasters are referred to as a country’s Building Exposure. Legend The map illustrates the value and Exposure (in millions US$) n < 18 distribution of residential and non-residential n 19 – 63 buildings in Costa Rica at risk from n 64 – 134 earthquakes and hurricanes. n 135 – 240 n > 240 What are the potential losses in Costa Rica? These charts show the estimated potential future losses to Costa Rica that could be caused by earthquakes and hurricanes that could occur within a given return period. In 1910, a magnitude 6.5 earthquake struck Costa Rica. If this historical event were to happen in 2015, it would cause losses of US$ 3,800M, amounting to 8% of GDP. Estimated Losses Due to EARTHQUAKES Estimated Losses Due to HURRICANES $20,000 $150 $15.000 Millions (US$) Millions (US$) $100 $10,000 $50 $5,000 $0 $0 Historical 50 100 250 500 1,000 50 100 250 500 1,000 Return period in years Return period in years How can earthquake risk 100% 2.0% AAL as a % of exposed value (risk indicator) be reduced? 80% 1.6% Masonry structures are the most AAL as a % of its total prevalent building types in Costa 60% 1.2% Rica, accounting for over 80% of AAL. Adobe structures, however, 40% 0.8% are the riskiest construction types. 20% 0.4% 0% 0.0% Adobe Wood Masonry Critical Other Infrastructure Generalized construction type n AAL as % of exposed value n AAL as % of total To learn more, visit: collaboration.worldbank.org/groups/cdrp or email cdrp@worldbank.org In Collaboration with Financed by COSTA RICA © 2016 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org.