Gun Violence Costs US $229 bn Annually, Amounting to 1.4 Percent of GDP

Washington: Gun violence costs the US $229 billion annually, amounting to 1.4 percent of its gross domestic product (GDP), a report said. The report, which used data from the Giffords Law Centre to Prevent Gun Violence and the Centres for Disease Control for a state-by-state analysis of gun violence costs, was commissioned by Congressional Democrats, Xinhua news agency reported.

Lost income represents the biggest cost to the nation’s economy, the report said on Wednesday. Other major expenses include employer costs, police, and criminal justice responses and health care treatment. Rural states, including Mississippi and Alabama, have the highest costs of gun violence. (IANS)

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