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Environmental information systems
The indicator shows total economic losses from weather- and climate-related extreme events (such as windstorms, flooding, heatwaves, cold spells, droughts or wildfires) per country and per year (since 1980). A moving average for the previous 30 years is added because of the large interannual variability of the losses.
This indicator varies significantly in the amounts of money spent on climate-related losses. Climate-related losses in Latvia have only relatively recently been documented, and data have been collected in a decentralised manner.
The total compensation paid by Latvian insurers over 2020–2023 for damage caused by natural disasters was more than EUR 309 million. The largest amount was in 2023, EUR 103 554 756. Meanwhile, compensation paid to farmers for damage caused by adverse weather conditions totalled EUR 256 160 in 2022 and EUR 114 386 in 2023. The data are not complete, and further detailed accounting is required in the future. Therefore, there are plans to develop a disaster loss information system (KaZa). Within the framework of the KaZa project, the goal is to create an information system cataloguing damage and losses caused by disasters. The accumulation of this type of information will help analyse the events by causes of loss, develop action programmes, plans and legislation, and plan measures and develop resources to prevent or reduce the occurrence of the threat.
References and footnotes
- ↵Latvian Insurers Association (LAA), ‘Data’, LAA website, accessed 20 June 2025, https://www.laa.lv/en/data/.
- ↵Ministry of Finance of the Republic of Latvia, ‘Budžets2022’, Ministry of Finance website, 16 June 2021, accessed 20 June 2025, https://www.fm.gov.lv/lv/budzets2022.