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Torts - Cases, Principles, and Institutions Fifth Edition, 2016a

Torts - Cases, Principles, and Institutions Fifth Edition, 2016a

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Witt & Tani, TCPI 1. Introduction<br />

Tort Costs as Percentage of GDP<br />

2.50%<br />

2.00%<br />

1.50%<br />

1.00%<br />

0.50%<br />

0.00%<br />

1950 1960 1970 1980 1990 2000 2010<br />

Source: Towers-Watson data.<br />

Even with the slower growth of recent years, the figures for transfers <strong>and</strong> administrative<br />

costs in tort law are far higher in the United States than in any comparable legal system or<br />

economy.<br />

Comparative Tort Costs as a Percentage of GDP in 2000<br />

U.S.<br />

Italy<br />

Germany<br />

Spain<br />

Belgium<br />

Japan<br />

Switzerl<strong>and</strong><br />

U.K.<br />

France<br />

Denmark<br />

Pol<strong>and</strong><br />

0 0.5 1 1.5 2 2.5<br />

Source: Tillinghast-Towers Perrin, U.S. Tort Costs <strong>and</strong> Cross-Border Perspectives: 2005<br />

Update.<br />

12

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