How much money does it cast in earthquke damage a year?

Answer 1

The annual cost of earthquake damage varies widely depending on the region and frequency of seismic activity. On average, global economic losses from earthquakes can range from tens of billions to over a hundred billion dollars each year. For example, the United States alone has faced annual losses of approximately $5 to $7 billion in recent years. However, these figures can fluctuate significantly based on major earthquake events and their impacts on infrastructure and communities.