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Joseph Stiglitz, Aaron Edlin, and J. Bradford DeLong

Print publication date: 2011

Print ISBN-13: 9780231143653

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231143653.001.0001

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The Economic Cost of the Iraq War

The Economic Cost of the Iraq War

Chapter:
(p.73) Chapter 9 The Economic Cost of the Iraq War
Source:
The Economists' Voice
Author(s):

Scott Wallsten

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231143653.003.0009

This chapter considers the costs of the Iraq war. It is estimated that through the summer of 2005, the direct economic cost of the war in Iraq to the United States was about $300 billion. Including costs to Iraq and coalition partners, the global cost comes closer to $500 billion. Looking forward, the total net present value of the costs could double before this war is done. The conflict, however, has also led to some savings. It is estimated that the avoided costs of no longer enforcing U.N. sanctions are about $120 billion to date, and they could total around $430 billion by 2015.

Keywords:   Iraq War, economic costs, coalition forces, savings

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