Floods eat up $5.4bn of GDP

Bangladesh’s Gross Domestic Product (GDP) at US$5.4bn is exposed on average each year due to river flooding and it will be on the rise in coming years, according to a new analysis of the US-based World Resources Institute (WRI).

It ranked 164 countries by the number of people affected by river flooding and found that the top 15 countries account for nearly 80% of the total population affected every year.

Bangladesh is a distant second losing 4.75% of the country’s total GDP.

Climate change expert Dr Atiq Rahman said the intensity of flooding will increase in Bangladesh in the coming years due to climate change and flood will hit more people hard here.