Worldwide, 372,000 people drown each year. Drowning is among the 10 leading causes of death for children and young people in every region of the world. Frontier’s report estimates that the global cost of drowning is at least $146bn each year. This cost is estimated using the Value of Statistical Life, which is a hypothetical monetary cost to society, regularly used by policy-makers to measure the benefit of safety measures such as improved roads and other transport infrastructure.
The research also found that many low-income countries could have a disproportionately high cost of drowning. The estimated cost is equivalent to over 0.8% of gross national income (GNI) for some countries, particularly in Africa.
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