Market
Estimated total economic damage in Vanuatu from Dec 17, 2024 earthquake by Jun 30, 2025?
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Vanuatu•Universal Time•US Geological Survey•Pacific Tsunami Warning Center•US Embassy•Japan•New Zealand
Resolution / Starting Odds
Less than $100 million • 25%
$100 million to $500 million • 25%
$500 million to $1 billion • 25%
More than $1 billion • 25%
Reports from the Vanuatu government or international economic assessment organizations
Story
7.4 Magnitude Earthquake Near Port-Vila Damages US Embassy, Triggers Tsunami Warnings
Dec 17, 2024, 02:17 AM
A powerful magnitude 7.4 earthquake struck near Port-Vila, the capital of Vanuatu, on December 17, 2024, at 01:47 am Universal Time, prompting tsunami warnings in the region. The quake occurred at a shallow depth of 10 kilometers, approximately 31 kilometers west of Port-Vila, according to the US Geological Survey. The Pacific Tsunami Warning Center issued alerts for possible hazardous tsunami waves. An aftershock measuring magnitude 5.5 was recorded shortly after the initial quake. Initial reports indicated damage to the US Embassy in Vanuatu. Authorities in Japan and New Zealand assessed potential tsunami threats but later reported no expected impact on their shores.
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$500 million to $1 billion • 25%
Less than $100 million • 25%
$100 million to $500 million • 25%
More than $1 billion • 25%
$100 million to $200 million • 25%
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$50 million to $100 million • 25%
Less than $50 million • 25%
Building Collapse • 25%
Tsunami • 25%
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U.S. Embassy • 25%
All report similar damage • 25%
French Embassy • 25%
U.K. Embassy • 25%
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Infrastructure damage • 25%
Landslides • 25%
$500 million to $1 billion • 25%
Less than $100 million • 25%
$100 million to $500 million • 25%
More than $1 billion • 25%
6-8 aftershocks • 25%
More than 8 aftershocks • 25%
0-2 aftershocks • 25%
3-5 aftershocks • 25%
Less than 6.0 • 25%
7.0 or higher • 25%
6.5 to 6.9 • 25%
6.0 to 6.4 • 25%
€100 million to €200 million • 25%
More than €300 million • 25%
€200 million to €300 million • 25%
Less than €100 million • 25%