Social losses from traffic accidents top NT$400 billion in 2013
Central News Agency
2014-08-22 02:41 PM
Taipei, Aug. 22 (CNA) Social losses as a result of traffic accidents totaled NT$474.8 billion (US$15.84 billion) in 2013, according to an estimate by the Institute of Transportation under the Ministry of Transportation and Communications. The figure, which is calculated based on 1,928 traffic-related deaths and 375,568 injuries recorded in that year, accounted for 3.3 percent of the country's gross domestic product for that year, the institute said. The figure does not include air traffic deaths. This represents an increase of nearly NT$100 billion from 2010, when the social losses from traffic accidents were estimated at NT$381.7 billion. In 2010, traffic accidents left 2,047 people dead and 293,764 injured. In addition to medical costs, people who die or are injured in traffic accidents can lead to a loss of productivity and a decrease in quality of life, which all add to social losses, the institute said. It said that every person killed in a traffic accident can result in NT$16 million in losses, while the losses for every person injured is estimated at NT$1 million. (By Wang Shu-fen and Y.F. Low)
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