Insight

Economic Losses from Flooding in Jakarta Reach IDR 2 Trillion Annually

market-avatar

Algo Research Team


The content provided here is for informational purpose only. It is not an advise or recommendation. Please do your own research.
content-img

Key Summary:


  • Flooding in Jakarta costs around IDR2tn annually in economic lost
  • Multiple factors like weather, infrastructure, land subsidence and more
  • Many different Governors have put forward solutions, to no avail

Over the past decade, Jakarta’s flood-related economic losses have trended lower compared to the early 2010s, though they remain substantial at around IDR2tn on average annually.


Context: Jakarta has long been plagued by recurring floods, making it almost an annual crisis that negatively impacts its residence, especially affecting the low-middle income household.


How was our research?


DISCLAIMER: Algo is an independent research platform and is not affiliated with any financial institution. We are not a licensed securities dealer, financial advisor, broker, or investment bank. The contents shared across our website, and social media platforms are intended for informational purposes only and reflect our views and opinions. It is not meant to be construed as financial advice and/or a recommendation to buy or sell an asset. Past performance does not guarantee future results. As a research platform, our contents are made to provide data-driven information and research-based articles, and should not be used as a basis for making any investment decisions. We strongly encourage you to conduct your own research and consult with a licensed financial advisor before making any investment decisions. Algo is not regulated by OJK (Otoritas Jasa Keuangan) and does not provide any investment services. We are not responsible for any financial decisions you make based on the information provided. All content is presented with the intent of informing only.