Forbes: The Global Economic Impact Of Terrorism [Infographic]
Every year, terrorist attacks make a considerable impact on the world's economy. According to the 2017 Global Terrorism Index, the impact fell by seven percent in 2016, the second year in succession that it declined. Despite the decline, costs still reached a grim $84 billion last year. Since the attacks on 9/11, economic losses from terrorism generally fluctuated before reaching $41 billion in 2007, primarily as a result of violence in Iraq. Amid the rise of ISIS, there was a further surge in losses since 2012 and they reached a peak of $104 billion in 2014.
Countries embroiled in conflict tend to suffer the highest economic impact from terrorism. Most of them are situated in the Middle East and North Africa, sub-Saharan Africa and South Asia. Last year, Iraq had the highest economic impact of terrorism as a share of GDP at 24 percent. Afghanistan was also ravaged by terrorism with losses coming to 13 percent of GDP while South Sudan had the third-highest impact at 9 percent.
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WNU Editor: The stats for 2017 are not in yet, but I am willing to bet that those numbers will be the worst since the year 2000.
