Counting the high cost of road crashes for Australia

Australia pays a heavy penalty for road crashes, according to a report by the Australian Automobile Association (AAA). In addition to the personal tragedy involved, road crashes cost Australia’s economy a loss of US$23.93 billion (A$29.7 billion) in 2015 according to the AAA. The number of road crashes in Australia climbed 4% between 2006 and 2015 and reached 679,359. However road fatalities dropped by around 25% to 1,205 between 2006 and 2015.
September 15, 2017 Read time: 1 min

Australia pays a heavy penalty for road crashes, according to a report by the Australian Automobile Association (AAA). In addition to the personal tragedy involved, road crashes cost Australia’s economy a loss of US$23.93 billion (A$29.7 billion) in 2015 according to the AAA. The number of road crashes in Australia climbed 4% between 2006 and 2015 and reached 679,359. However road fatalities dropped by around 25% to 1,205 between 2006 and 2015. Improved vehicle safety and occupant protection has played a role in reducing the rate of death and serious injuries. The AAA also pointed out that while the fatality rate has been reduced, the annual cost of crashes has actually remained fairly constant.

Related Content

  • Demand diversity in the construction equipment sector
    June 1, 2015
    Demand within the global construction equipment manufacturing industry is anything but homogenous, with certain countries and sales regions significantly outperforming others, with a whole host of factors fuelling and suppressing each key market - Guy Woodford reports
    Read More
  • Times they are a changing
    July 23, 2012
    Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the
    Read More
  • Drink driving challenge for Europe
    October 8, 2012
    In Europe there is a growing understanding that alcohol use amongst drivers still has to be tackled effectively. Accident data reveals that while safety standards are improving across most European countries, with steady reductions in numbers of serious injuries and fatalities, there remains a problem with alcohol use. In Spain in particular, there has been a major reduction in road casualty levels, but research into the accident data has shown that while the numbers of accidents has reduced overall, there
    Read More
  • Concern at poor US road safety
    March 18, 2021
    Concern is being expressed at the poor US road safety in the US during the pandemic.
    Read More

Highlighted Content