Get And Economic Consequences Of Road Traffic Injury In Europebrussels 2007european Transport Safety 2012-2024

How much does it cost to India's economy? The World Bank report also estimated that the accidents cost Rs 5.96 lakh crore or 3.14 % of gross domestic product (GDP).

Traffic crashes in the U.S. cost society $340 billion in one year, or just over $1,000 for each of the country's 328 million people, ing to a study by safety regulators. Jan. 10, 2023, at 1:17 p.m.

The total cost identified ($230.6 billion) includes expenses resulting from productivity losses, property damage, medical costs, rehabilitation costs, travel delays, legal costs, emergency services, insurance administration costs, and costs to employers. Alcohol continues to be a major factor in motor vehicle crashes.

Speed-related crashes are associated with 10,192 fatalities, 498,000 nonfatal injuries, and $46 billion in economic costs in 2019, accounting for 14% of all economic costs. Speed-related crashes cost an average of $141 for every person in the United States.

ing to the study, the total socio-economic cost due to road traffic accidents in India is between USD 15.71-38.81 billion, which is estimated to be approximately 0.55-1.35% of the country's GDP. In 2019, 151 thousand people in India lost their lives due to road accidents.

When quality of life valuations are considered, the total value of societal harm from motor vehicle crashes in 2010 was $836 billion. Lost market and household productivity accounted for $77 billion of the total $242 billion economic costs, while property damage accounted for $76 billion.

Driver error contributes to 94 percent of traffic accidents, ing to a National Highway Traffic Safety Administration (NHTSA) report.

The $340 billion cost of motor vehicle crashes represents the equivalent of $1,035 for each of the 328 million people in the United States and 1.6% of the $21.4 trillion real U.S. gross domestic product for 2019.