Road accidents cost Malaysia RM25bil in economic value in 2023, says Transport Minister

Malaysia Road Accidents News

Road accidents cost Malaysia RM25bil in economic value in 2023, says Transport Minister
Economic LossAnthony Loke2023 Road Accidents
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KUALA LUMPUR: At least RM25bil in economic value was lost as road accidents in Malaysia reached an eight-year peak in 2023, says Anthony Loke .

“The total losses experienced by the country are calculated based on the number of deaths and serious injuries caused by road accidents. Loke was responding to Pang Hok Liong , who asked about the financial losses suffered by the country due to road accidents and the steps being taken by the Transport Ministry to address this issue.

This number also exceeded the previous eight-year peak of 567,516 road accidents recorded in 2019, before the Covid-19 pandemic.

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