Earthquake damage in Turkey can reach 84 billion dollars Bloomberg With reference to the Confederation of Entrepreneurs and Businessmen of Turkey.
According to the confederation, damage from two powerful earthquakes in Turkey could exceed $84 billion, or about 10% of GDP. About $70.8 billion falls on damage to residential buildings. Another 10.4 billion dollars is the loss of national income. Another $2.9 billion was lost in the workforce.
Calculations were made based on the data related to the earthquake that occurred in Turkey in 1999.
Formerly Anadolu Agency reportedIt has been reported that earthquakes in Turkey are among the ten largest earthquakes in the world with their epicenters on land. According to Edwin Nissen, professor of seismology at Victorian University, the combination of scale and location in a densely populated area of Turkey was responsible for such devastating earthquakes.