The Economy of Pakistan
Climate Shocks: The 2022 Floods
In 2022, floods covered about a third of Pakistan, killing thousands and causing tens of billions of dollars in damage.
A country vulnerable to climate change.
Disaster
Monsoon rains and glacier melt submerged large areas, displacing millions.
Cost
Damage and losses were estimated at more than $30 billion.
Impact
Crops and livestock were destroyed, worsening food inflation.
Response
The world pledged aid, but rebuilding is slow and adaptation costs are large.
Lost harvest
Farmers in Sindh lost cotton and rice crops to standing water.
Treating climate as a distant issue
It already causes economic damage.
Key takeaways
- Floods covered a third of the country.
- Damage exceeded $30bn.
- Food inflation rose.
- Adaptation is costly.
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