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Keeping world’s peace costs USD 9.8 trillion annually
Ethiopia has been ranked 139th peaceful nation out of 162 countries on the Global Peace Index, a report by the Institute for Economics and Peace, an organization that ranks countries according to their level of stability.
According to the index, the sub-Saharan region was rated as having the second sharpest deterioration in the regional score, but has still performed well when compared to Russia and Eurasia region, Middle-East and North Africa, as well as South Asia.
Ethiopia is among countries that have performed well compared to previous years. Other well performing countries include Cote d’Ivoire, Burundi and Madagascar. Madagascar made a notable progress climbing 10 positions in the regional ranking and 25 positions in the global ranking.
Four out of the ten countries with the sharpest negative score changes on the index came from the sub-Saharan region, topped by South Sudan which has seen a sharp drop from the 145th seat last year to 160th this year, and the Central African Republic.
Europe continues to be the most peaceful region, while the least peaceful region is South Asia. Afghanistan has been replaced at the bottom of the index by Syria due to a slight improvement in its peace combined with further deterioration of the situation in Syria. Major deteriorations also occurred in Egypt, Ukraine and Central African Republic.
According to an economic analysis done by the Institute for Economics and Peace, the economic impact of dealing with or containing violence was measured at USD 9.8 trillion per year. This means, world peace is costing 11.3 percent of the global GDP, USD 1,350 per person.
“Compared with peace keeping estimates for 2012, this represents an increase of USD 179 billion or a 3.8 percent rise in violence containment costs globally. The increase in the global economic impact of violence is equal to 0.4 percent of global GDP,” the report reads.