Wednesday, July 23, 2014
Global fatalities from acts of terrorism jumped by 30 percent in the last year even as the number of attacks decreased, according to a new interactive mapping platform from risk analytics firm Maplecroft.
Some 18,668 terrorism fatalities were recorded in the 12 months prior to July 1, up 29.3 percent from an annual average of 14,433 for the previous five years.
Over the same period there were some 9,471 global terrorism attacks at an average of 26 a day, down from a five-year average of 10,468. This indicates that terrorist methods have become increasingly deadly over the last year, Maplecroft said.
Nigeria recorded by far the highest number of fatalities per attack, with 146 reported attacks in the last year resulting in 3,477 fatalities – an average of 24 fatalities per attack (compared to 2 fatalities per attack in Iraq).
Iraq recorded the highest number of attacks, with 3,158 acts of terrorism resulting in 5,929 fatalities.
China, Egypt, Kenya and Libya are seeing the most significant increases in the risks of terrorist attacks, the Maplecroft Terrorism and Security Dashboard (MTSD) reveals.
The MTSD classifies 12 countries as ‘extreme risk,’ including: Iraq (most at risk), Afghanistan (2nd), Pakistan (3rd), Somalia (4th), Yemen (6th), Syria (7th), Lebanon (9th) and Libya (10th). Many of these countries are blighted by high levels of instability and weak governance, Maplecroft notes.
However, of particular concern for investors, the important growth economies of Nigeria (5th), the Philippines (8th), Colombia (11th) and Kenya (12th) also feature in the category.
Jordan Perry, a principal political risk analyst at Maplecroft says:
Libya, Kenya and Egypt are among a handful of countries to witness a significant increase in risk in the MTSD and investor confidence in key sectors, including tourism and oil and gas, has been hurt. When faced with rising security costs and decreasing safety for their personnel, companies can, and do, reconsider their country-level commitments.”
The MTSD logs, analyzes and plots all reported incidents of terrorism, piracy, political violence and human rights abuses by security forces down to 100m² worldwide. It also draws on Maplecroft’s seven years of global data to reveal terrorism and security trends across 197 countries.
Maplecroft CEO Alyson Warhurst makes the important point that the dynamic nature of terrorism means individual events are impossible to predict, but the information included in the MTSD can help organizations make informed decisions relating to market entry, security measures for in-country operations, duty of care obligations, supply chain continuity and risk pricing.
Check out I.I.I. facts and stats on terrorism risk.