More than 1mn accidents, which were recorded in Qatar between 2007 and 2012 (including both years), have cost the country a whopping QR17.6bn, according to a study carried out by the Qatar Road Safety Studies Centre at Qatar University.
There were a total of 1,289 fatal accidents during the period, local Arabic daily Arrayah reported yesterday.
The study was carried out by female students of the university’s College of Engineering.
The study found that the cost of accidents in 2007 alone was around QR2.5bn and the cost of accidents in 2012 reached around QR3.2bn. These numbers and amounts indicate that Qatar spends approximately 2.7% from its Gross Domestic Product on traffic accidents annually.
The study was based on “The Human Capital” model which calculates the cost of traffic accidents and their resulting losses within a certain period.
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