The United Nations estimated that direct physical damage from the twin earthquakes that rocked Venezuela amount to 6% of its gross domestic product. CNBC noted that risk modeler Verisk estimated the total economic losses to be much higher, topping $10 billion.
Authorities said almost 800 buildings collapsed as a result of the quakes, with 189 that were completely destroyed. A satellite analysis by NASA and Oregon State University researchers from Monday that close to 59,000 buildings were likely damaged or destroyed.
