Traffic Accidents Cost Germany 7 Billion Euros Annually

A fatal collision between a tractor-trailer and a tour bus on
Interstate 380 near Mount Pocono, Pa., killed at least three people
Wednesday./(DAVID KIDWELL/AP)
A fatal collision between a tractor-trailer and a tour bus on Interstate 380 near Mount Pocono, Pa., killed at least three people Wednesday./(DAVID KIDWELL/AP)
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Traffic Accidents Cost Germany 7 Billion Euros Annually

A fatal collision between a tractor-trailer and a tour bus on
Interstate 380 near Mount Pocono, Pa., killed at least three people
Wednesday./(DAVID KIDWELL/AP)
A fatal collision between a tractor-trailer and a tour bus on Interstate 380 near Mount Pocono, Pa., killed at least three people Wednesday./(DAVID KIDWELL/AP)

German experts are trying to analyze the impact of traffic accidents’ huge cost on the budget of Berlin’s government. Although it is difficult to determine the final sum Germany pays each year, the total cost of traffic accidents - whether due to bicycles, motorcycles or various types of transport means- is estimated to reach billions of euros annually.

Veronica Templeman, an expert of traffic accidents and their causes, says the number of road deaths is continuously falling, mainly due to the safer and more sophisticated roads’ infrastructure thanks to today's technology.

Last year, for example, 3,214 casualties were recorded, with a decrease of 1.9% compared to 2016. In contrast, the number of wounded, whose injuries ranged from severe injuries, disabilities and minor injuries were about 400,000, with an increase of 0.8% compared to the previous year.

Over the past year, the police have recorded 2.6 million traffic accidents in general, up 2.8% from a year earlier. Among those accidents, some 2.3 million caused only material damages.

In the cases of casualties, whether death or injury, the cost of material compensation would be higher if the victim is a hard-to-replace experienced worker, in addition to the burden of the medical care services,
and treatment in hospitals, and all the psychological, physiological, and legal costs. The cost of a victim's death varies depending on the age group, efficiency and years of experience in the field of work.

The expert at the Ministry of Transport and Digital Infrastructure (PEST) estimates the financial losses of each victim of a traffic accident in Germany to be between 0.6 and 1.2 million euros, based on the abovementioned criteria.

By comparison, according to Thomas Foster, an expert at the institute, the full costs paid by the US Department of Transportation for each victim of a traffic accident in the United States attain about $1.25 million. This is roughly equivalent to the amount paid by Berlin’s government to each victim.

This cost reached NZ $4.18 million, or US $ 2.47 million in New Zealand last year. In Switzerland, traffic accidents last year caused 216 casualties, 15% less than a year earlier, and the financial losses amounted between 270 and 540 million euros.

Germany, according to the expert, remains among the countries paying the highest financial and economic costs as its traffic accidents in Europe, with the death of about 3,314 people in 2017, in addition to the various injuries and material losses, and the total financial losses exceed 7 billion euros.

According to Claudia Ray of the Federal Ministry of Transport, the cost of traffic accidents involving human and material losses in the European Union reached 100 billion euros last year. Among one million people there, 52 are killed every year, compared to 106 deaths in the United States, and an average of 174 deaths per year in the rest of the world.

Malta and Sweden are among the countries with the lowest rate of traffic accidents in Europe. Malta has 26 victims out of a million citizens a year, and Sweden has only 27 victims each year.

Back to Germany, 46% of the traffic accidents’ deaths were caused by vehicles, 17% by motorcycle, and 8% by bicycle.

According to the expert, medical, judicial and insurance agencies are the main beneficiaries of traffic accidents. As the trend of electric vehicles with less speed is rapidly spreading in Europe, Ray expects a fall in the number of traffic fatalities by more than 30% this year, which is a very good news for the German government.



Saudi Pavilion Officially Launched at Airshow China 2024

The Saudi pavilion at Airshow China 2024 includes several government entities alongside GAMI.  SPA
The Saudi pavilion at Airshow China 2024 includes several government entities alongside GAMI. SPA
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Saudi Pavilion Officially Launched at Airshow China 2024

The Saudi pavilion at Airshow China 2024 includes several government entities alongside GAMI.  SPA
The Saudi pavilion at Airshow China 2024 includes several government entities alongside GAMI. SPA

The Saudi pavilion has been officially launched at the China International Aviation & Aerospace Exhibition (Airshow China 2024), one of the world's largest aviation events taking place from November 12 to 17 in Zhuhai, China.
Governor of the General Authority for Military Industries (GAMI) Eng. Ahmad Abdulaziz Al-Ohali participated in the launch of the Saudi pavilion, accompanied by Chief of General Staff Lieutenant-General Fayyad bin Hamed Al-Ruwaili, Saudi Ambassador to China Abdulrahman bin Ahmed Al-Harbi, and several officials, international investors, and decision makers in the aviation and space sectors, SPA reported.
Al-Ohali emphasized that "this strategic participation, occurring for the first time in China, aims to enhance the Kingdom's global presence in the military industries sector and to solidify its position as one of the fastest-growing economies among the G20 nations. Furthermore, it seeks to establish fruitful international partnerships to empower and develop the military industries sector, while also promoting the Kingdom's message of welcoming investors from around the world. Additionally, it aims to highlight the key objectives of Saudi Vision 2030 within the military sector."
The Saudi pavilion, organized by GAMI, showcases military products and equipment, particularly in the aviation sector. It highlights the latest developments and achievements of government entities and national companies specializing in military industries, as well as the efforts made to enhance national military manufacturing capabilities aimed to localize over 50% of government spending on military equipment and services by 2030.