A series of floods hit Queensland, Australia, beginning in December 2010 and extending into January 2011.
The floods forced the evacuation of thousands of people from Brisbane’s CBD as well as surrounding regional towns and cities. At least 90 towns and over 200,000 people were affected. Damage initially was estimated at around A$1 billion before it was raised to $2.38 billion. The estimated reduction in Australia’s GDP was about A$30 billion.