The findings from the Post-Disaster Needs Assessment (PDNA) revealed that the financial cost of TC Winston amounted to F$1.99 billion including F$1.29 billion in damage and F$0.70 billion in losses, equivalent to about one-fifth of the country’s gross domestic product (GDP) in 2014.
The ILO, together with its tripartite partners, led the assessment of the Employment and Livelihoods sector and estimated that TC Winston caused a contraction in labour demand, resulting in the loss of 14,450,129 workdays (equivalent to approx. 50,000 full-time jobs) and F$351.5 million in personal income across the economy. The agricultural sector suffered 57 per cent of these losses, commercial and manufacturing activities 17 per cent and 10 per cent respectively and tourism and transport 8 per cent.
The total accumulated damage to, and losses incurred by, informal small and micro Enterprises (SME), including those owned and operated by youth, was F$14.6 million. A key finding of the assessment was that there was a high risk of loss of business confidence, particularly by young micro-entrepreneurs.
The TC Winston Disaster Recovery Framework highlights the need to empower and build up resilience among vulnerable groups, particularly youth.