Somali piracy - total cost by factor 2011

Published by Statista Research Department, Jan 15, 2013
This statistic represents the total cost of Somali piracy in 2011. About 635 million U.S. dollars was spent on insurance payments that year. Piracy is defined as an act of criminal violence or robbery at sea.

Total cost of Somali piracy in 2011, by factor (in million U.S. dollars)

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Source

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Release date

2013

Region

Africa

Survey time period

2011

Supplementary notes

* The source does not provide definite figures: Security equipment and guards: 1.064 - 1.16 billion U.S. dollars; re-routing: 468 millio - 681 billion U.S. dollars; total economic cost of Somali piracy 2011: 6.6 to 6.9 billion U.S. dollars.

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