THE ECONOMIC COST OF Violence
According to the 12th edition of the annual Global Peace Index report, the economic impact of violence came in at a cost of $14.8 trillion in 2017, or 12.4% of global GDP. The same report, produced by the Institute for Economics and Peace (IEP), states that the cost of violence is equivalent to nearly $2,000 per person and that the world is less peaceful today than at any time during the last decade.
Among the key findings of the report were that the annual number of battle deaths has peaked by 264% over the last decade. Plus, for the first time in modern history, refugees made up for almost 1% of the global population in 2017.
The Middle East and North Africa remained the world’s least peaceful regions while peacefulness in the United States declined for the second consecutive year, reaching its worst level since 2012.