40% of Australia’s disaster costs will go to Queensland

The cost of disasters is growing every year in Australia. By 2050, it will reach $39 billion per year. Queensland will face the biggest disaster-related costs, accounting for nearly 40% of the national cost.

Deloitte Access Economics (2021) “Special Report: Update to the economic costs of natural disasters in Australia” Australian Business Roundtable for Disaster Resilience and Safe Communities

Image: Maryborough, Queensland, 2022. Credit: Unknown.