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CATASTROPHIC LOSSES

Statistics Directorate    
French Equivalent: Destructions d’actifs dues à des catastrophes

Definition:
The volume changes recorded as catastrophic losses in the “other changes in the volume of assets account” are unanticipated losses resulting from large scale, discrete, and recognisable events that may destroy assets within any of the categories of assets.

Source Publication:
System of Nationial Accounts (SNA), 2008, 12.45 and 12.46.

Hyperlink:
http://unstats.un.org/unsd/nationalaccount/docs/SNA2008.pdf

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Thursday, April 04, 2013