Historically, Australia has experienced natural disasters such as droughts, cyclones, floods and storms with the associated impacts reflected in economic statistics (although not always separately identifiable in those statistics).
In recent months Australia has experienced a number of natural disasters: large parts of Australia have been experiencing ongoing droughts, bushfires, damaging hailstorms, floods, and the global COVID-19 outbreak. These events will have had an impact on all aspects of the Australian economy to varying degrees.
This article provides an overview of where and when the economic impact of these events might be evident in measures of the economy. It also provides some measurement case studies from previous Australian natural disasters.
The information in this article is current as of the date of release. COVID-19 related events are rapidly evolving, the ABS is actively monitoring the impact of these events on official statistics and plans to publish additional information as events develop.