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Floods and drought are among the most devastating water-related disasters.

Over the period 2002–2021, floods caused nearly 100,000 deaths (with an additional 8,000 in 2022), affected another 1.6 billion people (with another 57 million in 2022) and caused US$832 billion in economic losses (US$45 billion in 2022).

Over the same period, droughts affected over 1.4 billion people, killed over 21,000 more and triggered US$170 billion in economic losses.

Continued global warming is projected to intensify the global water cycle, and to further increase the frequency and severity of droughts and floods, with more very wet and very dry weather and climate events, and seasons.