Global conflict is so much more than just headlines. It continues to cause countless casualties and widespread devastation. Beneath the obvious destruction lie the economic costs that cripple nations and communities for decades.
According to the Institute for Economics & Peace (IEP) report, the financial impact of global conflict reached US$19.1 trillion in 2024. While military budgets and security expenditures dominate the costs, lost Gross Domestic Product (GDP), displaced populations, and social instability also reflect devastating economic consequences.
In this gallery, we look at some of the main costs associated with conflicts around the world. Click to know more.
All figures in USD.