Quake Damage Twice Value of Haiti Economy

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Damage from last month's catastrophic earthquake in Haiti, may be twice the value of Haiti's economy, according to a new report by economists with Inter-American Development Bank.

Click play to watch the CBN News report followed by an interview with Christina Christiansen, a nurse from Virginia Beach, Virginia, who has just returned from Haiti with her missions team.

It's estimated the magnitude 7 earthquake wrought between $8.1 billion and $13.9 billion in damage.

However, the tiny island nation only produces about $7 billion worth of goods and services each year, according to the World Bank.

"This is just an assessment of damage; it gives no indication of the amount of money to get the country back as if nothing had happened," Economists Eduardo Cavallo told The Associated Press by phone.

The economists say that even with international aid, personal wealth remains about 30 percent lower 10 years following natural disasters.

Special Page:

Haiti Earthquake & Recovery

Giving to Disaster Relief:

Disaster Relief

Related Link:

CBN News Special: Haiti After the Earthquake

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