What were the impacts of the Christchurch earthquake?
Damage and effects Soil liquefaction and surface flooding also occurred. Road surfaces were forced up by liquefaction, and water and sand were spewing out of cracks. A number of cars were crushed by falling debris. In the central city, two buses were crushed by falling buildings.
How much did the Christchurch earthquake cost?
US$4.8 billion
Restoration costs in Christchurch following the February earthquake were estimated to increase by NZ$6 billion (US$4.8 billion) because of the additional damage from this event. Forty-six people suffered injuries, two of which critical, and one elderly man died after being knocked unconscious.
What were the secondary effects of the Christchurch earthquake?
The secondary effects included: 2200 people had to live in temporary housing. five Rugby World Cup matches were cancelled. schools were closed for two weeks.
How long did it take to recover from Christchurch earthquake?
It has been five years since a major earthquake hit the New Zealand city of Christchurch, but thousands of residents are still waiting for their homes to be repaired or rebuilt.
What are economic impacts of earthquakes?
Public Sector Economic Costs A catastrophic earthquake could affect government at all levels, but especially at the local and state levels, by reducing future revenues, increasing current costs resulting from response activities, and increasing future costs resulting from recovery and reconstruction activities.
How much did the Christchurch earthquake cost 2011?
For the insurance sector, the cost from the Christchurch earthquake is currently put at USD 17.2 billion for the February 2011 event and close to USD 25 billion for all three events combined (Swiss Re Economic Research & Consulting).
How do earthquakes affect the economy?
A typical earthquake reduces GDP per capita by 1.6% eight years later, with substantial heterogeneity by country categories. In particular, low and middle-income countries experience the greatest long-run economic damages while high-income countries may even experience some positive “building back better” effects.
What damage did the 2011 Christchurch earthquake cause?
The Christchurch earthquake caused extensive damage to infrastructure and buildings. Multiple buildings collapsed, and the city was impacted by burst water mains, flooding, liquefaction and power outages. The port was damaged, and many roads cracked.
How many schools were damaged in Christchurch earthquake?
One hundred and sixty three primary and secondary schools were affected by the earthquake, most of which were closed for three weeks. Ninety schools had full structural clearance and were able to reopen. Twenty four had reports indicating further assessment and 11 were seriously damaged.
What were the social impacts of the 2011 Christchurch earthquake?
The shock and effects of the disaster itself are followed by secondary, recovery-related issues. These include dealing with damaged homes, insurance claims, poor roading and lost community facilities. The earthquakes have impacted upon the mental health of many people.
What impact have the Canterbury earthquakes had on New Zealand’s property insurance market?
The 2010-11 Canterbury earthquakes are by far the most costly disaster for insurance claims in New Zealand’s history. The Reserve Bank’s estimate of total estimated claim costs is around $38 billion (including the Earthquake Commission), and by 30 June 2020, more than $36 billion has been paid.
How much economic damage do earthquakes cause?
The average economic damage was just more than $2.1 billion, while median damages were much less, at $529 million. But earthquake damages fell into three general groupings. In eight cases, damages were less than $50 million.
What are the social and economic effect of earthquake?
Our model identifies four types of social and economic consequences that can result from an earthquake event: (1) shelter and housing, (2) direct and indirect economic losses, (3) health, including deaths and casualties, and (4) social disruption.
What is the social and economic impact of earthquakes?
What is the biggest earthquake ever recorded in New Zealand?
1855 magnitude 8.2
The biggest known earthquake in New Zealand was the 1855 magnitude 8.2 in the Wairarapa; around 5,000 km2 of land was shifted vertically during the earthquake. The largest earthquake recorded in the world in the last 100 years was the 1960 magnitude 9.5 earthquake in Chile.
Is New Zealand a high income country?
The economy of New Zealand is a highly developed free-market economy….Economy of New Zealand.
| Country group | Developed/Advanced High-income economy |
| Statistics | |
|---|---|
| Population | 5,084,300 (June 2020) |
| GDP | US$193.545 billion (nominal, 2020) US$205.541 billion (PPP, 2020) |
| GDP rank | 52nd (nominal, 2020) 63rd (PPP, 2020) |
What were the environmental impacts of the Christchurch earthquake 2011?
The Canterbury earthquakes caused a significant change to the natural environment, including liquefaction, lateral spread near waterways, land level changes, and numerous rockfalls and landslides. Air and water quality were also impacted, with water-based recreational activities halted until November 2011.
What happens to the economy after an earthquake?
How do earthquakes affect economy?
What are the economic effects of earthquake?
What are the economic ramifications of the Christchurch earthquake?
So, I thought it would be worthwhile going through the economic ramifications of the earthquake from the immediate effects to long term: Initial effects: The economic heart of Christchurch is shut down. About $2 billion worth of damage has been done, much of this damage will impede economic activity.
How many people died in the Christchurch earthquake?
It seemed they had little notion that less than three years earlier, Christchurch had endured a series of earthquakes that destroyed the city’s infrastructure, homes and communities. The most violent quake, on 22 February 2011, killed 181 people.
How has Christchurch changed in the past 10 years?
Many Christchurch residents say the same. Their home has undergone enormous transformation in the past 10 years after a 6.3-magnitude earthquake killed 185 people, disrupted tens of thousands of lives and reduced 80% of the city centre to rubble.
How much will the new Christchurch cost New Zealand?
The new Christchurch, which is being marketed as “greener, more compact, more accessible and safer”, will cost in the region of NZ$40bn (£20.3bn) – almost 20% of New Zealand’s annual GDP. In the immediate aftermath of the earthquake, central government moved to triage the most important parts of a functioning city.