The Global Peace Index reveals overall the cost of violence worldwide.
The economic impact of violence was $14.8 trillion dollars in 2017, or 12.4% of the global GDP (Gross Domestic Product).
According to the 12th edition of the annual Global Peace Index report, produced by the Institute for Economics and Peace (IEP), the cost of violence is equivalent to nearly $2,000 per person, and while the world is less peaceful today than at any time during the last decade, we could the cost is at its highest.
Among the key findings of the report, it is seen that the number of annual battle deaths has peaked by 264% over the last decade, and both Europe and North America have become less peaceful during the last year.
Plus, for the first time in modern history, refugees made up for almost 1% of the global population in 2017.
Where is peace?
The study reveals the Middle East and North Africa remained the world’s least peaceful region in 2018
In North America, the level of peacefulness in the United States has declined for the second consecutive year and is now at the worst level of any time since 2012.
Russia and Eurasia remained in seventh place despite a slight deterioration in the overall score.
The biggest challenge to peace in Central America and the Caribbean is crime and corruption.
Acting towards violence
The economic impact of violence increased by 2 per cent during 2017 due to increases in the cost of conflict and internal security expenditures, with the largest increases being in security spending occurring in China, Russia and South Africa.
Highly peaceful countries also have considerable economic advantages over the least peaceful countries, so it may seem obvious that countries must work on maintaining peace now for a better well.being.