Articles by Institute for Economics and Peace

We found 2 results.

Economic Value of Peace 2021: Measuring the Global Economic Impact of Violence and Conflict
Institute for Economics and Peace | Relief Web - TRANSCEND Media Service, 1 Mar 2021

27 Jan 2021 – This report estimates the economic impact of violence and conflict on the global economy. In 2019, it was estimated to be $14.4 trillion, the equivalent to 10.5 per cent of the global gross domestic product 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 it.

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The Economic Cost of Violence Containment
Institute for Economics and Peace – TRANSCEND Media Service, 10 Mar 2014

One of the major challenges in developing policies aimed at increasing peace is the difficulty of being able to accurately gauge the benefits that result from peace. Recognising this, the Institute for Economics and Peace has developed a new and ground breaking methodology to estimate the cost of violence to the global economy, including calculations for 152 countries that detail the costs of thirteen different types of violence.

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