According to the NWS, each year, the US averages some 10,000 thunderstorms, 5,000 floods, 1,300 tornadoes and 2 Atlantic hurricanes, as well as widespread droughts and wildfires. Weather, water, and climate events, cause an average of approximately 650 deaths and $15 billion in damage per year and are responsible for some 90 percent of all presidentially-declared disasters. About 1/3 of the US economy – some $3 trillion – is sensitive to weather and climate.