Road accidents make a major impact on Italy’s GDP

Figures now available from Italy’s transport and logistics commission have highlighted the enormous cost of road accidents in the country. The data reveals that the social cost of road accidents in the country is around €30 billion, or 2% of Italy’s GDP. The country’s road accident rate is higher than many other EU countries, despite having the strictest set of regulations. Italy also suffers from insufficient road infrastructure in comparison with the number of registered vehicles. Accidents in the road transport sector cost some €2.1 billion, and equate to 6.9% of road accidents. Given Italy’s struggling economy and massive debt mountain, it is worth noting that the cost of road crashes places such a huge and unnecessary burden on its finances.