The latest estimation of the economic costs of traffic crashes was done in 20003
. The cost of motor
vehicle crashes that occurred in 2000 totaled USD 230.6 billion. This is equal to approximately USD 820 for every person living in the United States and 2.3 per cent of the U.S. Gross Domestic
Product. Included in these losses are lost productivity, medical costs, legal and court costs, emergency service costs, insurance administration costs, travel delay, property damage, and
workplace losses. The economics costs are calculated based on a human capital approach.
The costs are based on crash severity level – the cost of fatal crashes, injury crashes and property damage-only crashes.