Average US$3.75mn ‘social cost’ of each New Zealand road death

The average social cost of each New Zealand road accident death is $3.75 million (NZD 4.54 million), according to an estimation by the New Zealand ministry of transport (MOT) The New Zealand MOT also estimates that the average cost of serious injuries due to road accidents is $392,989 (NZD 473,600) per person. The social costs include financial and non-financial costs of accidents such as property damage, medical and legal expenses as well as loss of quality of life. The number of road accidents in New Ze
January 16, 2014 Read time: 1 min
The average social cost of each New Zealand road accident death is US$3.75 million (NZD 4.54 million), according to an estimation by the New Zealand ministry of transport (MOT).

The New Zealand MOT also estimates that the average cost of serious injuries due to road accidents is $392,989 (NZD 473,600) per person. The social costs include financial and non-financial costs of accidents such as property damage, medical and legal expenses as well as loss of quality of life.

The number of road accidents in New Zealand has declined from 308 in 2012 to 254 in 2013. It is estimated that one person died every 28 hours in a New Zealand road accident in 2012, with total social costs of road accidents during that year reaching $3.18 billion (NZD 3.84 billion).
Highway & Network Management

Related Content

  • European Construction Industry Federation, FIEC, concerned about market
    June 16, 2014
    According to the European Construction Industry Federation, FIEC, there is light at the end of the tunnel in terms of market activity. The FIEC estimates a decline of 2.3% in overall EU construction activity in 2013 but forecasts stabilisation of in 2014 with market gains of 0.1% expected overall. “There can be no growth without investment!” warned FIEC vice president Jacques Huillard, responsible for economic issues. He presented FIEC’s annual statistics prior to the FIEC’s Congress. “The policy of austeri
    Read More
  • Road deaths in France up almost a third in May 2014, says Sécurité Routière
    June 23, 2014
    France saw its road deaths rise by almost a third in May 2014 compared to the same month of last year, according to new figures from Sécurité Routière. A total of 258 people were killed on France's roads in May 2014, 63 (32.3%) more than in May 2013. During this period, the number of people injured rose by 10%, or by 20% if only those requiring hospital treatment are included. Sécurité Routière’s figures show the number of accidents only increased slightly in the analysed period, but they were more severe.
    Read More
  • Switzerland's road safety cultural divide
    February 27, 2012
    A study by Switzerland's Accident Prevention Office (BPA) has unveiled an interesting cultural phenomenon with regard to road safety.
    Read More
  • US road safety causes concern
    January 25, 2021
    US road safety is a cause for concern.
    Read More

Highlighted Content