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Traffic Accident Fines Account for 5% in GDP

According to World Bank (WB), expenses after injuries and fatal outcomes of traffic accidents (lost revenues, medical, administrative and damaged property) made up about 5% in GDP in 2015 (738 million USD).

“Traffic accidents bring extremely negative effect to state economy. It is possible to free resources for their productive employment through reduction in traffic injuries and fatal cases”, the state audit’s report reads.

Traffic accidents rate has been growing since 2011. Number of vehicles in Georgia has risen by 33% in 2011-2016 period. The number of traffic accidents has also increased by 35%.

A total of 6 079 road accidents were registered in 2017, after which 517 persons died and 8 461 persons were injured.