Estimating the Global Economic Cost of Violence: Methodology Improvement and Estimate Updates

Mohib Iqbal, Harrison Bardwell and David Hammond

Defence and Peace Economics, 2021, vol. 32, issue 4, 403-426

Abstract: This paper presents significant methodological improvements on Estimating the Global Costs of Violence. It also presents updated estimates of the global economic impact of violence at $14.8 trillion in 2017. This is equivalent to 12.4 per cent of global GDP or $1,988 per person. In the analysis, 163 countries are examined accounting for 99.5 per cent of the global population. The estimate is comprised of three domains which aggregate to yield a global estimate of the economic impact of violence. These three domains are the costs of interpersonal violence, the costs of collective violence and the expenditures on violence containment. A model of the economic cost of violence is established using a bottom-up accounting approach. This model follows the methodology of the 2018 Global Peace Index (GPI).

Date: 2021
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DOI: 10.1080/10242694.2019.1689485

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