US Bureau of Economic Analysis (n.d.). “How are GDP and related income measures of the national accounts affected by a disaster?” and “How are the fixed assets accounts (FAAs) and consumption of fixed capital (CFC) impacted by disasters?” Washington: US Department of Commerce. Accessed 22 October 2026.
The first entry states that GDP “is not directly affected by the loss of property (structures and equipment) produced in previous periods” and reflects only the disruption to current production. The second states that losses of fixed assets from disasters are not charged to consumption of fixed capital, because they are not a normal cost of current production. Under standard national accounting, repair and replacement are recorded as new production. The wiki cites the entries in What GDP Leaves Out as the official statement of the mechanism by which disaster recovery adds to GDP while the destroyed stock is never subtracted.