Cost of terror: $53 billion per year
- 8 years ago
The financial cost of global terrorism last year (2014) stood at $52.9 billion and the number of deaths rose by about 80 percent, according to figures published on Tuesday by the Institute for Economics and Peace. According to the report, the economic cost of terrorism reached an all-time record and was 61 percent higher than the year before that, when the cost was $32.9 billion, and tenfold what it was in 2000.
Only days ago, coordinated terror attacks hit the French economy as hundreds of thousands of tourists canceled their visits. France is the most popular tourist destination in the world; last year tourists spent $42 billion. The Egyptian economy has also been hurt by a drop in tourism since the crash of the Russian Metrojet plane in the Sinai last month.
Damage in Iraq and Syria resulting from fighting with ISIS has been estimated at $10 billion in the past two years alone.
Only days ago, coordinated terror attacks hit the French economy as hundreds of thousands of tourists canceled their visits. France is the most popular tourist destination in the world; last year tourists spent $42 billion. The Egyptian economy has also been hurt by a drop in tourism since the crash of the Russian Metrojet plane in the Sinai last month.
Damage in Iraq and Syria resulting from fighting with ISIS has been estimated at $10 billion in the past two years alone.