Monday, June 23, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Terrorism Costs Libya $500 Million a Year

December 3, 2020
Share on FacebookShare on Twitter

The 2020 Global Terrorism Index (GTI) showed that terrorist operations cost Libya about half a billion dollars annually.

The GTI is issued by the Australian Institute of Economics and Peace, in cooperation with the American Union for the Study of Terrorism at the University of Maryland. It stated that Libya, Nigeria, Somalia, and Mali were the African countries most economically affected by terrorist operations in 2019.

The index pointed out that the Libyan treasury lost about 4.9 billion dollars over the past 12 years due to terrorist activities. The index added that Libya was subjected to 1,923 terrorist attacks that resulted in 1,876 deaths, in addition to material losses in infrastructure.

These damages placed Libya in a ranking after Iraq, Nigeria, Afghanistan, and Syria. The index also highlighted the 4.5% decline in the Libyan GDP between 2007 and 2015.

For 2019, Libya is preceded by Nigeria, with losses estimated at 1.42 billion dollars, followed by Somalia with 1.16 billion dollars, and Mali with 1.13 billion dollars. The index shows that these four countries had combined losses in excess of 149 billion dollars between 2007-2019. Total losses in Africa amounted to 13 billion dollars in 2019 alone.

Over the past 12 years, terrorism has cost the African continent a total of 171.7 billion dollars. Nevertheless, the index describes its estimates as “very conservative”, explaining that the economic damage is “much higher” if the loss of commercial investment and tourism are also measured. Additionally, the index does not take into account the impact on economic activity and additional security spending

Tags: CostlibyaMillionterrorism
Next Post

Arab Parliament Rejects Foreign Interference in Libya

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya’s Haftar & British Envoy Discuss Political Developments

Libya Launches New Electoral Education Initiative

Libya’s Kufra Hosts 160,000 Sudanese Refugees

Berlin Conference Reaffirms Support for Libyan-Led Political Process

Libya’s Interior Ministry Reports Armed Attack on Security Forces in Tripoli

Libya & Italy Sign Military Cooperation Plan

EDITOR PICKS

UN Security Council to Hold New Briefing on Libya Crisis

Greece to Deploy Navy Near Libya to Monitor Migrant Departures

NIHRL Demands Full Participation in Libya’s Prison Monitoring Efforts

Libyan Movement Vows to Continue Peaceful Demonstrations Against Dbaiba’s Government

Libya to Benefit from Global Oil Price Surge

128,000 Students Begin Final High School Exams Across Libya

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR