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

  • 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
  • Deutz achieves 40% new orders value increase in Q1 2013
    May 8, 2013
    Deutz has revealed a 40% increase in its new orders during Q1 2013 compared to the previous trading quarter. The Cologne, Germany-based diesel engine manufacturing giant said the significant new order rise represented a continuation of an encouraging trend that emerged in Q4 2012. New orders for Deutz were worth €388.5 million in the first quarter of 2013, compared to new orders valued at €276.6 million in Q4 2012. The new order value for Q1 2013 was also in line with the €390 million reported for Q1 2012.
    Read More
  • US road safety record
    April 26, 2012
    The latest official statistics from the US on road accidents show that fatality levels on the nation's roads have dropped to the lowest figures seen for more than six decades. The information was released by US Transportation Secretary Ray LaHood, revealing that highway deaths fell to 32,885 for 2010, the lowest level since 1949.
    Read More
  • Safer roads in many countries in 2020
    January 19, 2021
    Road safety improved in many countries in 2020.
    Read More

Highlighted Content