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Value of damages caused by major natural events and disasters in the Philippines in 2023, by type (in million Philippine pesos)

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Sources

Release date

March 2024

Region

Philippines

Survey time period

2023

Supplementary notes

One Philippine peso is equal to 0.018 U.S. dollars and 0.016 euros as of March 2024.

Figures have been rounded.

Citation formats

Value of damages by natural disasters Philippines 2023, by type

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 26, 2024

In 2023, tropical cyclones in the Philippines caused around **** billion Philippine pesos worth of damage. On the other hand, earthquakes resulted in about *** billion Philippine pesos worth of damage. The country's geographical position makes it prone to natural disasters.

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