christchurch earthquake 2011 economic cost
The rebuilding of Christchurch, New Zealand's third-largest city that suffered a major earthquake in February 2011, will cost a total of $NZ40 billion ($33.9 billion), an increase of 33 per cent from a December estimate, Prime Minister John Key said. As a comparison, the March 2011 earthquake and tsunami in Japan is estimated to have caused damage equivalent to around 3 to 4 percent of Japans annual GDP. The Christchurch rebuild is forecast to start in earnest during the second half of 2012, continuing through to at least 2016. The public grandstand at Addington was later demolished due to damage from the earthquake and aftershocks. Christchurch counts the cost four years on from earthquake. ... nearly four years on since the 2011 earthquake. Christchurch quake cost rises $ ... to the previous official cost for earthquake rebuild of ... quakes in 2010 and 2011, destroying swathes of Christchurch. Swiss Re said economic losses due to the Christchurch earthquakes in 2011 totalled US$18 billion (NZ$22b), putting them third in cost behind Japan's tsunami and the flooding in Thailand. List of disasters by cost; Cost Cost (2017) Fatalities Event Type Year Nation; $360: $397.6: 15894: 2011 Thoku earthquake and tsunami: Earthquake, Tsunami: 2011 Documented costs to date include 2.9 trillion in insurance payouts and ... Economic Impacts of the 2011 Tohoku-Oki Earthquake and Tsunami. 2011 BUDGET ECONOMIC AND FISCAL ... Table 2.2 Impact on operating expenses of earthquake costs ... ECONOMIC AND FISCAL IMPACTS OF THE CANTERBURY EARTHQUAKES New Zealand earthquake damage will cost ... memories of a deadly 2011 quake are still fresh. By Peter Wilson and Dave Williams of NZPA Monday 28th Feb 2011 Highlight the main points. 22 February 2011 Canterbury earthquake for kids. On 22 February 2011, at 12:51 pm (lunchtime), ... Read the Te Ara article The 2011 Christchurch earthquake; Economic Impact of Canterbury Earthquake Page 1 ... to June 2011 as a whole . Economic impacts difficult to assess . ... We are unlikely to know the full cost of damage Christchurch quakes have little effect on NZ ... earthquakes in 20102011 will have a positive effect on economic activity once ... christchurch earthquake. AT 12:51pm local time an earthquake shattered Christchurch, ... Earthquake in New Zealand When luck ran out. During the March 2011 quarter, the Christchurch earthquake on 22 February 2011 caused significant damage to the city of Christchurch, ... Economic indicators; An earthquake occurred in Christchurch on 22 February 2011 at 12:51 p.m. local time (23:51 21 February UTC) and registered 6.3 on the Richter scale. Christchurch (/ k r a s t r t /; Mori: tautahi) is the largest city in the South Island of New Zealand and the seat of the Canterbury Region. Latest breaking news articles, photos, video, blogs, reviews, analysis, opinion and reader comment from New Zealand and around the World - NZ Herald If you have current home and/or contents insurance, you also have the Earthquake Commissions cover. Watch: 'I get to spend more time with my family' Mike Hosking and Toni Street on brink of tears as they farewell Seven Sharp. original from http://www.dbh.govt.nz/earthquake-reconstruction-guidance. Guidance on house repairs and reconstruction following the Canterbury earthquake Many factors drive up the cost of a natural disaster, such as property damage, environmental damage, casualties, and a variety of other hidden expenses. Industrial Structure and Principal Economic Sectors Primary Industries. Improved economic performance is one of the Treasury's three outcomes.