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Social cost is a way of measuring safety performance by accounting for the number and severity of casualties, and aircraft damage. The values used to estimate cost to the nation of fatal, serious and minor injuries are obtained from the annual report of the ‘Social Cost of Road Crashes and Injuries’ published by the Ministry of Transport. The Ministry of Transport has directed its agencies to use social cost to permit comparisons between transport modes. The current average social cost per fatality is $4.37 million as of June 2018. Estimates of the values of aircraft destroyed or written off are made by the CAA on the basis of market prices in a number of developed aviation nations.

 

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Core dashboard information

Definition

Social costs of aviation accidents ($ million) by calendar year. Aviation social cost estimates include the social cost of injuries and aircraft destroyed.

Nature of data

Quantitative
Primary source

Civil Aviation Authority

Custodian of data

Ministry of Transport

URL This data has not been previously published.
Frequency Annual
Disaggregation National
Quality of the data

Reliable

Next Update TBD