Asia has experienced devastating economic losses totaling at least $2 trillion due to extreme weather events such as floods and heatwaves since 1993, according to the Climate Risk Index 2025.
This index annually assesses the impact of climate-related extreme weather on countries worldwide.
Globally, the period from 1993 to 2022 saw over 9,400 extreme weather events, resulting in more than 765,000 fatalities and direct economic losses of nearly $4.2 trillion.
In Asia, China was the most affected country, incurring economic losses of $1.32 trillion and recording 42,000 deaths over the past three decades.
Myanmar also faced significant impacts, particularly from Cyclone Nargis in 2008, which caused nearly 140,000 fatalities and $20.6 billion in economic losses.
The Climate Risk Index highlights the disproportionate impact of extreme weather on low- and middle-income countries, with seven of the top ten most affected nations falling into this category.
The report underscores the urgent need for climate resilience measures and international cooperation to mitigate these effects.