The Economic Cost of Violence Containment, the latest research report from the Institute for Economics and Peace, calculates the cost of violence in over 150 countries around the world. The report breaks down violence containment spending in three countries that spend the largest portion of GDP on preventing and containing violence: Iraq, Somalia and Afghanistan.
In Iraq the regional violence erupting in 1980 led to a steady and drastic decline in GDP. Throughout that decade Iraq was involved in an intense conflict with neighboring Iran, resulting in devastating civilian deaths and long-lasting economic consequences. By 1991 Iraq’s GDP had fallen to US$1,253 from a per capita GDP of US$5,374 in 1980.
While those levels have improved, Iraq’s economy has yet to fully recover and thirty years later its GDP was still 20% below 1979 levels. The two steepest falls in Iraq’s GDP per capita history have coincided with the Gulf war in 1990 and the coalition invasion in 2003. Current expenditure on violence containment represents $814 per capita, or 15% of its $178.93 billion GDP.
To find out more, download a copy of The Economic Cost of Violence Containment and skip to page 20 to read the full case study.Related Articles
The latest report from the Institute for Economics and Peace calculates the global cost of violence containment in over 150 countries according to 13 different types of violence related spending. How do you calculate the cost of violence? Check out our brief overview of the methodology.
The Economic Cost of Violence Containment, the latest report from the Institute for Economics and Peace, calculates the cost of violence in over 150 countries around the world.
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