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Accidents-generated losses equal 4% of GDP

Accidents-generated losses equal 4% of GDP
Accidents-generated losses equal 4% of GDP

The losses resulting from traffic accidents is 4% of Georgia's GDP, Chairman of the Partnership for Road Safety Organization Gela Kvashilava said.

In his words, road safety has a specific impact on the country's economy.

"Road safety is directly related to social, economic, and health issues. From the economic point of view, the damage caused by road accidents is 4% of GDP, which is a big loss. If we do not reduce the damage caused by road accidents, this will create a serious problem in the economy. It has the most negative impact on tourism, agriculture, and the incomes of families whose members are victims of traffic accidents. As a result of traffic accidents, many families are getting poorer, the budget is losing revenue, and health sector spending is increasing," Kvashilava stated.

He said that this bill would significantly reduce the negative impact on the country's economy.

Notably, on the roads of Georgia, the process of identification and elimination of 'black spots' begins.

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