Research Article
Research on the Pricing of Global Drought Catastrophe Bonds
Table 1
Top 10 countries for frequency of drought catastrophes and economic losses from 1900 to 2018.
| | Rank | Number of disasters countries | Economic losses (million) | | Number | Rank | Countries | Losses |
| | 1 | China | 39 | 1 | United States | 41635 | | 2 | Brazil | 18 | 2 | China | 35346.4 | | 3 | Ethiopia | 16 | 3 | Brazil | 10183.1 | | 4 | United States | 15 | 4 | Spain | 9660 | | 5 | India | 15 | 5 | Vietnam | 7399.1 | | 6 | Kenya | 15 | 6 | India | 5441.1 | | 7 | Somalia | 15 | 7 | Canada | 4810 | | 8 | Niger | 15 | 8 | Italy | 4290 | | 9 | Mauritania | 14 | 9 | Thailand | 3725.5 | | 10 | Mozambique, Burkina Faso, Bolivia | 13 | 10 | Argentina | 3520 |
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