Wonder

Research Outline

Prepared for Mathieu F. | Delivered September 7, 2020

Cost of Workplace Injuries

Goals

To determine the cost of workplace injuries in Europe and Asia.

Early Findings

EUROPEAccording to the latest available data from the European Agency for Safety and Health at Work (EU-OSHA), work-related injuries and illness cost Europe 3.3 percent of its GDP per annum, representing 476 billion euros as of 2017. 
Approximately 2.4 million non-fatal accidents requiring at least four days of absence from work and 3,182 fatal accidents were reported in the region in 2016. 
Non-fatal cases are responsible for the majority of the cost. Non-fatal cases cost the region 260 billion euros in 2017, while fatal cases cost about 216 billion euros. 

Based on these findings, we can attempt to calculate the cost per case. 
Cost per non-fatal case: 260 billion euros / 2.4 million = 108,333 euros
Cost per fatal case:  216 billion euros / 3,182 = 67.9 million euros. 


ASIAAsia is currently the highest contributor to global work-related mortality. The Asian fatal occupational rate is 12.7 per 100,000 persons in the labor force. 
According to the latest report on the topic published by the International Labour Organization (ILO) in 2014, Approximately 267.1 million non-fatal accidents requiring at least four days of absence from work and 271,949 fatal accidents were reported in the region in 2014. 
The region constitutes about two-thirds of work-related injuries globally. 


Summary of ResearchIn our initial hour of research, we were able to determine the cost of work-related injuries in Europe, categorized into fatal and non-fatal cases, as well as the prevalence of work-related injuries in Asia. 