The Economic Impact of Floods and their Importance in Different Regions of the World with Emphasis on Europe

The paper deals with the positive and negative impacts of floods the world economy. The paper analysis economic of flooding damage in different parts of the world, especially Europe and Slovakia. The objective of this paper is to economical analyze flood damage in various regions of the world. The paper was developed based on data from secondary sources from the European Environment Agency and the Ministry of Environment of the Slovak republic. One single event may produce both benefits and losses to different parts of the riverine ecosystem and the impact on the economy of the State. These impacts are extremely difficult to quantify or monetize e.g. by quantifying ecosystem services before and after an event or accounting for the number of fish killed or trees damaged. If more people are to dwell in vulnerable areas and more and more businesses settle down in these areas the more intensive effect a flood event will have upon society and the world economy. Society is becoming more aware that floods can be controlled to a limited extent, and that absolute safety against floods is a myth with which is necessary to fight for the improvement of the world economy.