Estimating the impacts on GDP of natural disasters in Canada

Staff Analytical Note 2025-5 (English)
Tatjana Dahlhaus, Thibaut Duprey, Craig Johnston
February 2025
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Extreme weather events contribute to increased volatility in both economic activity and prices, interfering with the assessment of the true underlying trends of the economy. With this in mind, we conduct a timely assessment of the impact of natural disasters on Canadian gross domestic product (GDP).

Content Type(s): Staff research, Staff analytical notes
Topic(s): Climate change, Domestic demand and components, Econometric and statistical methods, Fiscal policy, Regional economic developments
JEL Code(s): B, B2, B23, C, C1, C13, C2, C23, E, E1, E17, E3, E37, E6, E62, H, H6

DOI: https://doi.org/10.34989/san-2025-5