I have seen various “Cost of War in Iraq” counters. This made me wonder how much money that really is. Because it looks like a lot!
I figured a good way to do it would be to compare it to the Gross Domestic Product (GDP) of several countries. The estimated cost of the war is about $159,214,000,000 at the time of this post.
Now let’s relate that number to The United State’s GDP which is, $12,955,370,000,000.
That makes the total cost of the war in Iraq only one per cent of our Nations GDP. This is miniscule. However, it does not look so small when compared to the GDP of other nations.
For example, the cost of the war has almost reached Argentina’s GDP ($161,899,000,000). The shocker about this is that Argentina is the 36th richest country in the world (179 different countries)!
The Argentina example may be staggering, but the most powerful example I have found about the cost of the war is its relation to the poorest countries in the world.
The cost of the War in Iraq is equal more than the combined Gross Domestic Product of 65 of the poorest countries.
Nepal, The Bahamas, Mozambique, Haiti, Mali, Burkina Faso, Brunei, Zambia, Republic of Macedonia, Malta, Namibia, Chad, Georgia, Cambodia, Madagascar, Republic of the Congo, Nicaragua, Benin, Papua New Guinea, Guinea, Niger, Armenia, Zimbabwe, Netherlands Antilles, Barbados, Laos, Moldova, Kyrgyzstan, Swaziland, Togo, Malawi, Fiji, Tajikistan, Rwanda, Central African Republic, Mongolia, Lesotho, Mauritania, Suriname, Sierra Leone, Belize, Cape Verde, Antigua and Barbuda, Maldives, Guyana, Bhutan, Seychelles, Saint Lucia, Burundi, Eritrea, Djibouti, Grenada, The Gambia, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Comoros, Samoa, East Timor, Vanuatu, Guinea-Bissau, Dominica, Solomon Islands, Tonga, Kiribati, São Tomé and Príncipe
Yes! That is 65 countries! And their combined GDP is $156,919,000,000. 3 billion less than the cost of the war!
Since I compiled all of this information, it is your job to think about what kind of use this money could have gone to, instead of helping one country, we could have helped 65. If we were just handing out presents, we could have matched 65 of the poorest countries GDP. That would undoubtedly help a huge chunk of the world.
In fact, the combined population of these countries is around 291,090,910 people. That is roughly the population of the United States, the third largest country. If we split up the $159,214,000,000 (cost of the war) to all of the people in these 65 countries, they would all receive about 547 dollars! In some countries where people receive as little as $5 dollars a day for living that would help out tremendously! I hope this help put the cost of war into global context. After all, if we do not spend it on ourselves, we might as well send it to something good!