The world’s hottest years over the past decade have coincided with stagnant economic productivity, rising prices and geopolitical instability. Is this just coincidence or has the current level of climate change been one of the drivers? Climate change is often framed as a problem for the future. But how much economic damage has today’s current level of ~1.35°C of warming already caused? To answer that question, we analysed the effects of climate change to date on the New South Wales economy. The