Road accidents make a major impact on Italy’s GDP

Figures now available from Italy’s transport and logistics commission have highlighted the enormous cost of road accidents in the country. The data reveals that the social cost of road accidents in the country is around €30 billion, or 2% of Italy’s GDP. The country’s road accident rate is higher than many other EU countries, despite having the strictest set of regulations. Italy also suffers from insufficient road infrastructure in comparison with the number of registered vehicles. Accidents in the road tr
April 3, 2012 Read time: 1 min
Figures now available from Italy’s transport and logistics commission have highlighted the enormous cost of road accidents in the country. The data reveals that the social cost of road accidents in the country is around €30 billion, or 2% of Italy’s GDP. The country’s road accident rate is higher than many other EU countries, despite having the strictest set of regulations. Italy also suffers from insufficient road infrastructure in comparison with the number of registered vehicles. Accidents in the road transport sector cost some €2.1 billion, and equate to 6.9% of road accidents. Given Italy’s struggling economy and massive debt mountain, it is worth noting that the cost of road crashes places such a huge and unnecessary burden on its finances.

Related Content

  • Better road safety can save lives worldwide
    January 24, 2017
    Road safety is an issue that rarely grabs headlines, although it is something that affects people around the globe. Road deaths account for a shockingly high percentage of deaths worldwide, with the risks being particularly high in developing countries. This poses such a threat to public health that the United Nations has been taking steps to address the issue, commencing with its Decade of Action on Road Safety in 2010. The focus has been on developing countries, due to the rapid increase in road deaths in
    Read More
  • Poor road safety causes too many deaths
    December 13, 2016
    Road safety is an issue that rarely grabs headlines, although it is something that affects people around the globe. Road deaths account for a shockingly high percentage of deaths worldwide, with the risks being particularly high in developing countries. This poses such a threat to public health that the United Nations has been taking steps to address the issue, commencing with its Decade of Action on Road Safety in 2010. The focus has been on developing countries, due to the rapid increase in road deaths in
    Read More
  • Europe’s road safety improved for 2019
    June 22, 2020
    New data shows that Europe’s road safety improved in 2019.
    Read More
  • Europe’s road safety picture slanted wrong way?
    May 24, 2016
    The European Commission’s latest figures for road safety reveal some cause for concern across the EU. While the EU has the world’s safest roads overall, the road fatality rate has slipped during 2015. And this is for the second consecutive year also as EU road deaths in 2014 also showed an increase over 2013. By comparison, there were decreases in the European road death rate of 8% in 2012 and 2013.
    Read More

Highlighted Content