Flood damage costs in Italy

Initial estimates suggest that the economic damage caused by the recent floods in Emilia-Romagna could reach 6 billion EUR (6.5 billion USD).

In addition to the human losses (14 deaths), the disaster has generated substantial material damage, especially in the agricultural sector.

The President of the Emilia Romagna region deplored an unprecedented natural disaster [4] of a magnitude similar to that of the 2012 earthquake.

The Italian government has allocated funds amounting to 2 billion EUR (2.2 billion USD) to provide assistance to the areas affected by the floods.