Panama

Country Disaster Risk Profiles - Panama

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PANAMA Earthquakes RISK PROFILE

What is a country disaster risk profile?

An estimation of the potential economic losses to assets caused by adverse natural events.

Country Disaster Risk Profile Applications

  • Develop key baseline data
  • Evaluate impact of disasters
  • Promote and inform risk reduction
  • Inform disaster risk financing

Country At-A-Glance

GDP US$ 46.2 billion

Population 3.9 million

Total Building Exposure US$ (Replacement Value) 45.8 billion

Snapshot

  • Annual Average Loss (AAL) is US$ 29.5M or 0.6% of GDP.

  • The Probable Maximum Loss (250 year return period) is US$ 861.8M or 1.9% of GDP.

  • At the 250 year return period, earthquake losses from multiple, extreme events within a given year could exceed US$ 1.8B.

  • Single-family, residential houses constructed with unreinforced fire brick masonry and unreinforced concrete block are the buildings most vulnerable to earthquakes, accounting for 49% of AAL.

  • Hurricane risk in Panama is negligible within a 250 year return period.