These 279 cities with a total wealth of 35.4 trillion USD, risk losing an average of 546.5 billion USD a year broken down as follows:
- 320.1 billion USD for the risks of human origin
- 226.4 billion USD for natural catastrophes.
In what follows, Atlas Magazine [4] analyzes the risks of 66 European cities divided into two regions: Western Europe and Eastern Europe. These cities that account for 13 percent of the world's wealth may sustain losses of 70.3 billion USD a year.
Top 10 European cities whose economic growth is at risk
In billions USDRanking | City | Annual amount of expected loss |
---|---|---|
1 | London | 8.43 |
2 | Moscow | 6.27 |
3 | Paris | 5.94 |
4 | Madrid | 3.99 |
5 | Barcelona | 2.55 |
6 | Milan | 1.77 |
7 | Munich | 1.72 |
8 | Rome | 1.61 |
9 | Dublin | 1.49 |
10 | Athens | 1.48 |
European cities: Top 10 costliest risks to economic growth
In billions USDRanking | Risk | Annual amount of expected loss |
---|---|---|
1 | Market crashes | 23.51 |
2 | Cyber crime | 9.36 |
3 | Floods | 9.28 |
4 | Human pandemic | 6.86 |
5 | Commodity price shock | 4.75 |
6 | Sovereign defaults | 2.56 |
7 | Civil conflicts | 2.37 |
8 | Solar storms | 2.13 |
9 | Interstate conflicts | 1.81 |
10 | Drought | 1.39 |
Eastern Europe: Top 5 cities whose economic growth is at risk
Eastern Europe is mainly confronted with financial and geopolitical risks: financial crashes represent the first threat, followed by civil conflicts, sovereign defaults, pandemics and inter-state conflicts.
In billions USDRanking | City | Risk value | Costliest Risk |
---|---|---|---|
1 | Moscow | 6.273 | Market crash |
2 | St. Petersburg | 1.446 | Market crash |
3 | Kiev | 1.193 | Market crash |
4 | Warsaw | 0.807 | Market crash |
5 | Budapest | 0.735 | Market crash |
Western Europe: Top 5 cities whose economic growth is at risk
Western Europe is mainly faced with financial threats and IT risks. Next are stock market crashes that have a strong impact on GDP, followed by cyber-attacks, floods, pandemics and commodity price shocks.
In billions USDRanking | City | Risk value | Costliest Risk |
---|---|---|---|
1 | London | 8.43 | Market crash |
2 | Paris | 5.94 | Market crash |
3 | Madrid | 3.99 | Market crash |
4 | Barcelona | 2.55 | Market crash |
5 | Milan | 1.77 | Market crash |