Economic Impact of Hurricanes Isaac &
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Hurricane Katrina PowerPoint PPT Presentation


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Economic Impact of Hurricanes Isaac & Katrina. Hurricane Isaac. Hurricane Katrina. Damage: August 21- September 1, 2012 Category 1 when it reached the Louisiana coast Storm surges reached 15 feet above normal tide level, causing the river to reverse its flow for about 24 hours

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Hurricane Katrina

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Hurricane katrina

Economic Impact of Hurricanes Isaac & Katrina

Hurricane Isaac

Hurricane Katrina

  • Damage:

  • August 21- September 1, 2012

  • Category 1 when it reached the Louisiana coast

  • Storm surges reached 15 feet above normal tide level, causing the river to reverse its flow for about 24 hours

  • 700,000 power outages in New Orleans.

  • Winds gusted to about 80 mph

  • Economic Impact:

  • Estimiated Damages: $2 billion

  • GDP:Isaac expected to represent 0.1% in 2012.

  • Gas/Oil Production: 2/3 of gas production shut down in anticipation of the arrival of Isaac, $10 million dollars worth of gas is not being produced each day.

  • Gas prices: caused a temporary increase of prices between 5cents and 15 cents.

  • Disrupted work in 9 states and boosted unemployment aid applications by 9,000

  • Damage:

  • August 23- August 30, 2005

  • Category 3 when it reached the Louisiana coast

  • Storm surge flooding of 10-20 feet above normal tide levels in Louisiana

  • Excessive flooding causes levee to break in New Orleans.

  • Wind gusts up to 87 mph

  • Economic Impact:

  • Estimated Damages: $108 billion, making it the costliest mainland hurricane in the US

  • GDP: Katrina represents 0.95% in 2005

  • Gas/Oil Production: pre-Katrina, 10% of all petroleum and 24% of all gasoline used in the US produced in the Gulf Coast.

  • Gas Prices: caused an increase of 40 cents within six days.

  • Gambling: Many casinos had to close and evacuate, some not re-opening until 2006 or 2007. About 14,000 employed by casinos pre-Katrina.


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