The impact on certain sectors of the economy can also be different. A philippine cp number massive earthquake, for example, will have a much more tragic impact and the process of rebuilding infrastructure can take much longer and consume more resources than a small flood.
The region in which the disaster occurs is also important. Countries that frequently experience such disasters can mitigate their negative effects to some extent, as they are better prepared for them than countries where natural disasters are rare. However, despite this, it is the countries with the highest risk of disasters that lose the most, because up to several dozen such events can occur in these regions every year, and it is often these areas that experience the most serious and tragic disasters.
Although the loss of human and physical capital affects only the region where the disaster occurred, due to increasing globalization, the economic effects are often felt in the country's closest partners as well. In contrast, when a large country such as the United States is affected, for example, the economic effects can be global.