The eruption of Pinatubo severely hampered the economic development of the surrounding areas. The gross regional domestic product of the Pinatubo area accounted for about 10% of the total Philippine gross domestic product. The GRDP had been growing at 5% annually before the eruption, but fell by more than 3% from 1990 to 1991. In 1991, damage to crops and property was estimated at $374 million (or $ million today), to which continuing lahar floods added a further $69 million (or $ million today) in 1992. In total, 42 percent of the cropland around the volcano was affected by more lahar floods, dealing a severe blow to the agricultural economy in the region.