What is the estimated percentage (%) of the US gross domestic product GDP do vehicle collisions cost?

Asked by Kathleen Schwass on September 17, 2021

Categories: Automotive Auto safety technologies

Rating: 4.2/5 (48 votes)

Auto Crashes as a Percentage of Gross Domestic Product (GDP)The U.S. GDP is estimated at approximately $15-$17 trillion. Of that figure, the economic damages associated with auto crashes account for about $277 billion, or almost 2 percent of the entire GDP of the country.

How much does a crash cost? Cost of Motor Vehicle AccidentsAverage cost for each death in a motor vehicle accident: $1,130,000. Average cost for each nonfatal disabling injury: $61,600. Average cost for each property damage crash (includes non-disabling injuries): $7,500.

How many car accidents happen in the US every day? For 2016 specifically, National Highway Traffic Safety Administration (NHTSA) data shows 37,461 people were killed in 34,436 motor vehicle crashes, an average of 102 per day.

How many deaths from texting and driving 2019? An estimated 391,000 drivers were injured in distracted driving crashes in 2017. For comparison, there were 39,773 gun deaths in the United States in 2017. In 2019, distracted driving was a reported factor in 8.5% of fatal motor vehiclecrashes.

What is the economic cost of motor vehicle crashes in the US? The economic impact of motor vehicle crashes on America''s roadways, based on that year 2000data, has reached $230.6 billion a year, an average of $820 for every person living in the United States.