How much money did the Chile 2010 earthquake cost?
The quake and tsunami caused more than $30 billion in damages, damaging or destroying 370,000 houses, 4013 schools, and 79 hospitals. More than 500 people were crushed, drowned, or burned to death by fires.
How much did the Haiti earthquake in 2010 cost?
between $7 billion and $14 billion
For comparison, the 2010 earthquake cost between $7 billion and $14 billion.
Which earthquake was worse Haiti or Chile?
According to Slate.com, Haiti has no national building code and no means of checking building safety. And while it was stronger, the Chilean quake also occurred 22 miles below the earth’s surface — twice as deep as in Haiti.
How much did the 2010 Chile tsunami cost?
estimated that the Chilean quake would cost the insurance industry between 4 and 7 billion dollars.
How much did the Chile earthquake cost?
The Valdivia earthquake left two million people homeless, injured at least 3,000, and killed approximately 1,655. The economic damage totaled $550 million (more than $4.8 billion, adjusted for 2020 inflation).
Why was Haiti earthquake worse than Chile?
The Haitian quake was also closer to the surface, with a depth of 13 kilometers compared to 25 kilometers for the Chilean earthquake, he says, so “people were farther away because the earthquake was deeper.” Regardless of the earthquake’s size, Chile was also better prepared for an earthquake, Stein says.
Why did Chile’s earthquake with a significantly higher magnitude have a lower death toll and less damage than Haiti’s earthquake?
Chile will undoubtedly also be helped by the fact that the earthquake did not happen in as dense an area as Port-au-Prince, Haiti, where parts of the city and several government buildings were literally flattened. It will also be helped by better-enforced building codes, one of the most significant challenges in Haiti.
How much did it cost to rebuild Chile after the 2010 earthquake?
$30 billion
The Chilean government estimated the reconstruction cost at $30 billion, or 18 percent of national GDP. Fortunately the government had revenues to cope with a disaster of this magnitude.
How much did it cost to recover from the Haiti earthquake?
$14 billion
PORT-AU-PRINCE (Reuters) – The cost of rebuilding impoverished Haiti after last month’s catastrophic earthquake could reach nearly $14 billion, making it proportionately the most destructive natural disaster in modern times, economists at the Inter-American Development Bank said on Tuesday.
Why did the Chilean earthquake of 2010 cause less damage than the Haitian earthquake of the same year despite being nearly 100 times more powerful?
Because the country has a history of major seismic activity, Chile has stronger building codes than Haiti and its modern buildings are engineered to resist earthquakes, he says. Caruso agrees: The stricter building codes “probably saved thousands of lives.”
What’s the difference between Haiti and Chile’s earthquakes?
Haiti’s quake on January 12 came in at 7.0 on the Richter scale, leveled the capital city, and left more than 200,000 dead. Chile’s earthquake on February 27 registered a magnitude of 8.8, which means it was 500 times more powerful than the Haitian shock. But fewer than 1,000 Chileans died, and the damage to buildings was considerably less.
How many people died in the 2010 Haiti earthquake?
2010 Haiti earthquake, large-scale earthquake that occurred on January 12, 2010, in Haiti and the Dominican Republic. Most severely affected was Haiti, occupying the western third of the island. An exact death toll proved elusive in the ensuing chaos. The Haitian government’s official count was more than 300,000.
How many people died in the 2010 Chile earthquake?
Chile earthquake of 2010, severe earthquake that occurred on February 27, 2010, off the coast of south-central Chile, causing widespread damage on land and initiating a tsunami that devastated some coastal areas of the country. Together, the earthquake and tsunami were responsible for more than 500 deaths.
Where was the epicenter of the Haiti earthquake?
In addition, the epicenter of the Haitian quake was only 10 miles outside of the capital city of Port-au-Prince, compared to the epicenter in Chile, which was 70 miles from the city of Concepción.