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28 June
Earthquake damages in Venezuela equate to approximately 6% of the country's GDP.
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Venezuela has experienced a devastating impact from two powerful earthquakes measuring 7.2 and 7.5 on the Richter scale, which struck the nation on Wednesday, June 24. According to estimates from the United Nations, nearly 7 million people may be affected, with approximately 1,000 confirmed deaths and tens of thousands still missing. The earthquakes have led to significant infrastructure damage, particularly in La Guaira, where entire buildings collapsed.
The United Nations Development Programme has assessed the damages to be around $7 billion, roughly equating to 6% of the country's Gross Domestic Product (GDP). This assessment has been based on satellite imagery and demographic data available following the disasters. Reports indicate that about 1,600 foreign rescue workers have been deployed to assist in recovery efforts, highlighting the extensive humanitarian crisis that has emerged in the aftermath of the earthquakes.
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