This is a model to assess the socioeconomic resilience to natural disasters of an economy, defined as its capacity to mitigate the impact of disaster-related asset losses on welfare. Applied to riverine and storm surge floods, earthquakes, windstorms, and tsunamis in 117 countries, the model provides estimates of country-level socioeconomic resilience. Because hazards disproportionally affect poor people, each $1 of global natural disaster-related asset loss is equivalent to a $1.6 reduction in the affected country’s national income, on average.