The study also shows the US and China, the two biggest contributors to the climate crisis, individually caused global economic losses of more than 1.8 trillion USD each during that same period.
The study's authors said this is the first time scientists have connected the dots between one country's fossil fuel emissions and the economic harm those emissions have done to other countries.
The countries that have been hurt the most by the world's largest economies are predominantly in the Southern Hemisphere, the study shows, where the average temperature was already hot even before the climate crisis.