Total cost of Somali piracy in 2011, by factor
(in million U.S. dollars)
Somali piracy - total cost by factor 2011
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)
Cost in million U.S. dollars
Increased speed2,710
Military operations1,270
Security equipment
and guards*
1,064
Insurance635
Re-routing*486
Labor195
Ransoms160
Counter piracy
organizations
21.3
Prosecutions and
imprisonment
16.4
Total economic
cost of Somali piracy*
6,600
Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

2013

Region

Africa

Survey time period

2011

Supplementary notes

* 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.

Somali piracy - total cost by factor 2011
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.
Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Statistics on "Pirate attacks"
  • Overview
The most important statistics
  • Ships under attack
  • Cost of maritime piracy
  • Areas under threat
Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.