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

  • Road safety gain for UK in 2013
    June 26, 2014
    The UK’s Department for Transport (DfT) reveals that the road fatality rate for 2013 was the lowest since records began in 1926. The data shows that 1,713 people died on the UK’s road network in 2013, around half that of the figure recorded for the year 2000. This reveals an on-going improvement in road safety levels. The DfT statistics show that in 2013, 21,657 people were seriously injured in road crashes, while the total number of casualties of all severities stood at 183,670. Car occupant fatalities in
    Read More
  • Messina Strait bridge tender due?
    August 10, 2023
    The Messina Strait bridge tender is due to open soon.
    Read More
  • Innovative financing mechanisms for sustainable roads funding
    July 5, 2016
    Francesco Micci discusses innovation in funding methods All countries need an efficient and extended road transport system to sustain both the social development and the economic competitiveness. The latest trends show that the demand for road infrastructure is constantly growing, despite the negative impact of the financial and economic crisis on public and private financing. Global spending regarding road transport infrastructure actually accounts for roughly US$580 billion worldwide, and is projected
    Read More
  • Dutch road deaths plummet
    August 24, 2012
    Dutch road deaths have nearly halved in the last 15 years, according to new figures by the country’s central statistics bureau CBS. There were 661 road deaths in the Netherlands in 2011, down 47% from 1,251 in 1996. For passenger cars over the same period there was a 73.5% decrease in road fatalities, from 609 to 221.
    Read More

Highlighted Content