Trend in the Global Economic Cost of Violence [Chart]

Trend in the Global Economic Cost of Violence (2007-2019)

This chart from the 2021 Economic Cost of Violence Report illustrates the trend in the global economic impact of violence from 2007 to 2019. Between 2012 and 2017, the economic impact of violence rose by 12.2% and peaked at $14.8 trillion.

This increase coincided with the start of the Syrian war and rising violence in Libya, Yemen and other parts of the Middle East and North Africa region. However, over the last two years, the economic impact has declined steadily, and in 2019, fell by 0.4%.

These decreases coincided with the defeat of Islamic State of Iraq and the Levant in Iraq and Syria, which has led to an improvement in the security situation in both countries over the past two years.

What is the Economic Cost of Violence Report?

This report estimates the economic impact of violence and conflict on the global economy. In 2019, it was estimated to be $14.4 trillion in constant purchasing power parity (PPP) terms.

This is equivalent to 10.5% of the global gross domestic product (GDP) or $1,895 per person.

The comprehensive methodology includes 18 indicators covering the direct and indirect costs of violence, and the expenditures to contain and prevent violence.

The model also includes a multiplier for the direct costs to account for the additional economic activity resulting from a redirection of these costs to more productive pursuits.