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News From the Field

Economic Cost of Weather May Total $485 Billion in U.S.

June 22, 2011

image of cars travelling in rain Routine weather events such as rain and cooler-than-average days can add up to an annual economic impact of as much as 3.4 percent of the nation's gross domestic product. New research led by the National Center for Atmospheric Research finds that every sector of the economy is sensitive to changes in the weather. Full Story

National Center for Atmospheric Research/University Corporation for Atmospheric Research

The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2016, its budget is $7.5 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives more than 48,000 competitive proposals for funding and makes about 12,000 new funding awards. NSF also awards about $626 million in professional and service contracts yearly.

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