In 2023, floods and flash floods caused around 2.1 billion U.S. dollars worth of property and crop damage across the United States, down from roughly 2.8 billion U.S. dollars worth of damage in the previous year. The economic damage due to floods and flash floods in the North American country was the highest in 2017, at around 60.7 billion U.S. dollars. That year, the U.S. was hit by two of the costliest flood disasters in its history, in the aftermath of hurricanes Harvey, and Irma.

The earthquakes in Turkey and Syria in February incurred an economic loss of about 92.4 billion U.S. dollars, the most of any natural disaster event in 2023. Four of the ten most expensive catastrophes in that year were storms. Weather, climate, water related disaster The disasters that caused mortality in large numbers include droughts, storms, floods, and extreme temperatures. Hurricanes alone generated 35 percent of the total economic losses among the leading disasters over these 50 years. The global cost of natural disaster losses was primarily financial losses. Low-income countries are more affected by natural disasters when compared to the richer countries in the world. American Hurricanes Floods were the most common weather-related disasters recorded, yet storms had the highest human and economic losses. As the most common cause of damage, storms are the only disaster for which the attribution component grows. As of 2023, Hurricane Katrina was by far the most destructive hurricane in the United States. Officials confirmed more than 1,800 deaths, estimated damages of about 200 billion U.S. dollars, the destruction of approximately 350,000 homes, and displaced almost a million individuals.

In 2023, the most common natural disaster type in the world were floods, with 164 events reported that year. Storms were the type of natural disasters with the second highest occurrence, with 139 events.

In 2023, the earthquake that hit Turkey in February was the natural disaster with the highest number of fatalities worldwide with a death toll of over 50,000. Another 5,900 fatalities were recorded in Syria after the same earthquake.