I dug this chart out of data360 looking for something else, it shows the cost of torts relative to the US economy.
At nearly 2%, the US has to be the world's most litigious society. Australia seems be heading the same way, discussion of tort costs outstripping GDP growth (no evidence on the site). Peter Gordon's blog further quotes from the Fin Review a comparison with other countries (2004);
Denmark 0.4
UK 0.6
France 0.8
Canada 0.8
Japan 0.8
Switzerland 0.9
Spain 1.0
Australia 1.1
Belgium 1.1
Germany 1.3
Italy 1.7
U.S. 1.9
UK 0.6
France 0.8
Canada 0.8
Japan 0.8
Switzerland 0.9
Spain 1.0
Australia 1.1
Belgium 1.1
Germany 1.3
Italy 1.7
U.S. 1.9
Interesting, eh?
Posts
I'm surprised to see Italy up there at 1.7. Also I would have thought that the UK would have been much higher.
ReplyDeleteFor what its worth take a look at some of the more ridiculous Stateside lawsuits
http://www.loweringthebar.net/lawsuits-ridiculous/