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NFPA: Total cost of fire up 34 percent from 1980

May 8, 2014SSN Staff

QUINCY, Mass.—The National Fire Protection Association in April released an updated report on the total cost of fire in the United States, which showed that the total cost of fire in 2011 was estimated at $329 billion, or roughly 2.1 percent of U.S. gross domestic product (GDP). Adjusted for inflation, the total cost represents a 34 percent increase over 1980, while its proportion of GDP has declined by about one-third. The core total cost of fire is defined as the sum of economic loss...

National Fire Protection Association (NFPA), total cost of fire