10 Countries Suffering Economic Losses Due to Conflict and Terrorism

09/07/2018 17:03 WIB

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The economic losses resulting from the unrest in Syria reached 68% of the country's GDP.

Economic Losses Due to Violence (% of GDP) - Global Peace Index 2018

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10 Countries Suffering Economic Losses Due to Conflict and Terrorism

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Economic Losses Due to Violence (% of GDP) - Global Peace Index 2018

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Syria ranks first among countries most severely impacted by the ongoing unrest. The 2018 Global Peace Index recorded losses in Syria reaching 68 percent of its Gross Domestic Product. Syria has suffered significant losses following the protracted conflict that has lasted for seven years.

According to a report by the Institute for Economics and Peace, in 2017, losses due to the unrest amounted to $14.76 billion (Purchasing Power Parity/PPP). This figure represents 12.4% of the world's GDP.

The unrest encompasses conflict, terrorism, and killings across various regions. These losses are calculated considering the humanitarian costs, including the resulting changes in business behavior, consumption patterns, capital utilization, and their ultimate impact on the national economy.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."