Algeria’s high crash rate costs its economy

Research from Algeria shows that its high rate of road crashes is having a damaging effect for its economy, as well as ruining lives. The data comes from the Algerian insurance and reinsurance union UAR. Its study shows that road crashes cost the country’s economy US$926.78 million/year. In all, there were 1 million crashes on roads in 2014, with drivers being at fault in 90% of cases. Insurance companies spent $415.2 million in compensations in 2014, up 10% from 2013. With the 30% depreciation of the Alger
November 18, 2015 Read time: 1 min
Research from Algeria shows that its high rate of road crashes is having a damaging effect for its economy, as well as ruining lives. The data comes from the Algerian insurance and reinsurance union UAR. Its study shows that road crashes cost the country’s economy US$926.78 million/year. In all, there were 1 million crashes on roads in 2014, with drivers being at fault in 90% of cases. Insurance companies spent $415.2 million in compensations in 2014, up 10% from 2013. With the 30% depreciation of the Algerian dinar, compensation is expected to rise to again in 2015. Determining the cause of the problem is complex, although bad driving is a primary cause. Poor protection levels for vehicle occupants are also a factor as the research shows that around half of the 5.4 million vehicles being used in Algeria are 20 years of age or more.

Related Content

  • Europe’s road safety targets at risk
    July 10, 2015
    This new analysis has been published by the European Transport Safety Council (ETSC). According to the ETSC data, 2014 showed the lowest annual reduction in EU road deaths since 2001. In all 25,845 people were killed in road crashes in the 28 nations of the EU during 2014. This represented a decrease of just 0.6% compared to 2013. EU member states now need to cut deaths by almost 8% each year until 2020 to meet the target set in 2010 to halve deaths within a decade.
    Read More
  • New highway connection for Algeria’s road network
    October 21, 2014
    Construction work on a 48km section of road connecting Tizi-Ouzou with Algeria’s East-West motorway is due for completion in 2016. The work is costing close to US$960 million, according to the Algerian Public Works Ministry. In addition, construction work on a road connecting Aïn El Hammam with Draâ El Mizan is now commencing while the Algerian Public Works Ministry has said that the Northern Bypass will be completed as planned by the end of March 2015. Several of the country’s planned road infrastructure p
    Read More
  • Road safety is an EU priority
    March 2, 2012
    The preparation of the new EU Road Safety Policy for the next decade will take place during Spain's presidency of the EU. Patrick Smith reports. An the past 10 years, half a million people have been killed on European Union roads, with road crashes costing an annual €160 billion or 2% the EU's GDP.
    Read More
  • Road safety improvements for Brazil
    August 23, 2021
    Road safety improvements are planned for Brazil.
    Read More

Highlighted Content