BY THE NUMBERS: Economic impact of typhoons

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The Philippines gets an average of 20 tropical cyclones per year, and around 5 of them, on average, severely damage communities.

Based on Rappler's own tally, typhoon damage in agriculture has reached over P12 billion for this year, surpassing the P8 billion from 2019.

State economists, meanwhile, peg total damage to hit P90 billion, which is around 0.15% of the country's gross domestic product.

With the climate crisis, the Philippines is set to lose more per year, unless it invests in disaster response projects and ensuring that poor communities get the financial lifeline they need during calamities.

Rappler business reporters Ralf Rivas and Aika Rey break down the costs of typhoons, and why moving to a less flood-prone community will likely break the bank in this latest episode of By The Numbers. –