Extreme precipitation events, including heavy rains and floods, have profound economic impacts, causing widespread damage to infrastructure, agriculture, and homes. The immediate costs of repair and recovery can be substantial, disrupting transportation, utilities, and business operations. The extreme precipitation product identifies areas across that have historically had the highest risk of extreme precipitation.
The global Extreme Precipitation Historical Risk v2 product captures the historical risks of extreme precipitation events across the globe. This product identifies extreme precipitation events characterized by both extreme absolute magnitude and extreme relative to the typical precipitation patterns of a specific location. For instance, while London, UK may experience frequent rain events, they are less common in Phoenix, US. To achieve this, thresholds were established based on relevant scientific literature. This product can be used to assess the frequency of extreme precipitation at different locations, or to identify relative risk across different regions at a single time horizon.