Türkiye Recovery and Reconstruction Assessment
Türkiye was hit by a series of debilitating earthquakes in February 2023. Even for an earthquake- prone region, the disaster was unprecedented in its scope and the magnitude of the destruction it caused. Fatalities to date number 48 448; 3.3 million people have been displaced; and almost two million people are being sheltered in tent camps and container settlements. Apartment towers and village houses lie in ruins across a vast territory of 110,000 square km.
The Turkiye Recovery and Reconstruction Assessment (TERRA) presented here comprises of an assessment of the financial impact of the earthquakes, applying modified PDNA methodology, and a “recovery vision.”
The TERRA makes a preliminary conclusion that the impact amounts to 103.6 billion USD, or equivalent to 9 percent of Türkiye’s forecast GDP for 2023. This is a shocking amount, reflecting the almost unfathomable scope of the devastation experienced by Türkiye’s southern provinces. The path to recovery will be challenging and, even given the Government’s dedication of enormous state resources to the effort, will depend in part on support from the international community. The TERRA is designed to help understand the scale of the need and the priorities for reconstruction.
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