THE cost of Hurricane Dorian’s impact on the Bahamas is $3.4bn, more than a quarter of the country’s GDP, according to the Inter-American Development Bank. The figure accounts for damage such as the effect the disaster has had on assets in every sector; losses such as the goods and services that have not been produced or provided until full recovery and reconstruction; and additional costs such as outlays required to provide goods and services as a result of the disaster. The IDB estimates that Dorian will cost the country one percentage of its GDP, implying the economy will grow 0.9 percent post-disaster, resulting in a decrease in salaries of $51.3m and capital income of $60.9m. The government asked the IDB to make its assessment. The IDB requested help from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) for technical assistance with the job.

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