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

  • Vulnerable road users face greater risks on Europe’s road network
    May 21, 2014
    Data shows that vulnerable road users are benefiting less from improved road safety. This has been revealed in the 2014 Road Safety Annual Report, which highlights latest road safety data. The number of road fatalities fell by 1.7% between 2011 and 2012 in the 31 countries covered by the International Road Traffic and Accident Database (IRTAD), according to the International Transport Forum at the OECD. However, road safety policies are not succeeding in improving protection for vulnerable road users. The l
    Read More
  • Road safety challenge for Europe
    December 3, 2012
    Europe’s road safety drive is highlighting key issues - Mike Woof reports In Europe there is a growing understanding that alcohol use amongst drivers still has to be tackled effectively. Accident data reveals that safety standards are improving across most European countries, with steady reductions in numbers of serious injuries and fatalities. But there remains a problem with alcohol use amongst many drivers and it is amongst this group that accident levels have not fallen. In Spain in particular, there ha
    Read More
  • 4th Ibero-American road safety focus planned
    July 2, 2014
    The Latin America and Caribbean Region suffers from a high number of crashes on rural roads and also in the urban areas. Road crashes are now one of the leading causes of death in the region, especially for those aged 5-44. There are around 100,000 reported road fatalities/year in Latin America and the Caribbean while over 5 million/year are injured. Data from the World Health Organisation (WHO) shows that the death and serious injury rates are 10-20 times higher than in other industrialised regions, highli
    Read More
  • Record attendance for Istanbul’s E&E conference
    June 14, 2012
    The Eurasphalt & Eurobitume 2012 event in Turkey has attracted record attendance figures, although final figures were not available at the time of writing.
    Read More

Highlighted Content