High resolution GDP modelling for climate risk assessments with an application to coastal flooding in Norway

An important prerequisite for accurately characterizing economic exposure from climate change at the national scale is a spatial inventory of economic activity and value creation. Current options for such inventories are limited, being either spatially precise but economically bounded sector-specific or owner-specific datasets, or gridded gross domestic product (GDP) products with coarse spatial resolution and inadequate sectoral resolution. To address these limitations, we develop a map of national GDP with high spatial and sectoral resolution. We stress this with meter-scale flood hazard maps to characterize GDP at risk from flooding. We further couple this to a macroeconomic input–output analysis to use the new sectoral resolution to estimate the scope of indirect economic exposure to flood at a national scale.