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Venezuela's $19.6 Billion Earthquake Bill: World Bank Says Recovery Could Take a Decade
A rapid damage assessment puts the June 24 twin quakes at roughly 18% of national GDP — and warns the country has no time to waste.
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- $19.6 billion. That is the World Bank's first price tag on the twin earthquakes that tore through Venezuela on June 24, 2026 — a figure the bank says represents direct physical damage and works out to roughly 18 percent of the country's entire annual economic output. Released on July 23, the Global Rapid Damage Estimation, or GRADE, report is the most authoritative accounting yet of what the country has lost, and how long the road back could be.