Auto Accident Newsroom

Road Crashes Cost Approximately 1 To 3 Percent Of A Country's Annual Gross National Product

These are resources that no country can afford to lose, especially those with developing economies. It is estimated that developing countries currently lose in the region of $100 billion every year.

This is almost twice as much as the total development assistance received worldwide by the developing countries. These losses undoubtedly inhibit the economic and social development of developing countries.

An estimate of the total national cost of road accidents will help government's to realise the heavy economic losses being incurred annually as described in the "gross output" method of accident costing and socio-economic aspects of road accidents in developing countries.

Governments must try to reduce these losses by providing road safety improvements and should see expenditure on road safety as an investment and not as a cost.