Philippines is considered to be among the world’s most disaster-prone countries. Philippines lies in the world’s most cyclone-prone region, averaging 19–20 cyclones each year, of which 7–9 make landfall. Sea levels in the Philippines are rising faster than the global average, increasing the hazard posed by storm surges and threatening permanent inundation of low-lying areas.
Commonly occurring hazards include floods, droughts, typhoons, landslides and mudslides, earthquakes, and volcanoes. Recent decades have witnessed an increase in damaging extreme events, such as heavy rainfall and tropical cyclone activity, and this trend is likely to continue under a future climate. From 2006–2013, the Philippines was struck by 75 disasters– mostly cyclones, tropical storms and floods– that caused $3.8 billion in accumulated damage and losses to the agriculture sector. An estimated annual GDP loss of up to 2.2 percent is projected by 2100 due to climate impacts on agriculture.
As per Germanwatch, GLOBAL CLIMATE RISK INDEX 2020, Philippines ranks 4th in climate risk index for the period of 1989-2018. It is 2nd in the list of most affected countries for 2018 and has suffered a loss of 0.48% of the GDP due to climatic events