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)
* 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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One Earth Future. (January 15, 2013). Total cost of Somali piracy in 2011, by factor (in million U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/251677/total-cost-of-somali-piracy-by-factor/
One Earth Future. "Total cost of Somali piracy in 2011, by factor (in million U.S. dollars) ." Chart. January 15, 2013. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/251677/total-cost-of-somali-piracy-by-factor/
One Earth Future. (2013). Total cost of Somali piracy in 2011, by factor (in million U.S. dollars) . Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/251677/total-cost-of-somali-piracy-by-factor/
One Earth Future. "Total Cost of Somali Piracy in 2011, by Factor (in Million U.S. Dollars) ." Statista, Statista Inc., 15 Jan 2013, https://www-statista-com.ezproxy.canberra.edu.au/statistics/251677/total-cost-of-somali-piracy-by-factor/
One Earth Future, Total cost of Somali piracy in 2011, by factor (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/251677/total-cost-of-somali-piracy-by-factor/ (last visited November 13, 2024)
Total cost of Somali piracy in 2011, by factor (in million U.S. dollars) [Graph], One Earth Future, January 15, 2013. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/251677/total-cost-of-somali-piracy-by-factor/
