War and Peace: How Violence is Disrupting the Global Economy

Although you may not see it, millions of lives are disrupted by violence everyday.

 
War, homicide, terrorism, suicide, and sexual assault can be found across the world in various degrees. While certain types of violence can incur costs that result in personal traumas, violence can also create significant economic disruptions.

In today’s Chart of the Week, we visualize data estimates from the Global Peace Index 2019 on the global cost of violence, and its geographical spread.

 
How is Violence Linked to the Economy?

The Global Peace Index calculates the total cost of violence using purchasing power parity (PPP) by considering three factors:

-Direct costs: Immediate consequences to the victims, perpetrators and the government

-Indirect costs: Delayed economic losses following the violent event, including the after-effects of trauma experienced by the victim

-Multiplier effect: Calculates the additional economic activity that would have accrued if the direct costs of violence had been avoided.

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Πηγή: visualcapitalist.com