Summary of The Macroeconomic Impact of Social Unrest

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

The Macroeconomic Impact of Social Unrest summary

Editorial Rating



  • Analytical
  • Overview
  • For Experts


According to new research, “social unrest events” around the world – riots, strikes and protests – increased an astronomical 244% over the period 2011–2019. This strife has powerful impacts on the integrity of society in general, but the friction also carries with it troubling concerns about economic growth and prosperity. Analysts Metodij Hadzi-Vaskov, Samuel Pienknagura and Luca Antonio Ricci astutely assess the financial damage that social unrest inflicts on economies. Policy experts, economists and investors will find robust scholarship in this illuminating report.

About the Authors

Metodij Hadzi-Vaskov, Samuel Pienknagura, and Luca Antonio Ricci are professionals at the International Monetary Fund.


Social disturbances have adverse consequences on nations’ economic performance.

Social strife around the world carries not only serious societal implications but also affects economic vigor. Experts investigating connections between civil disturbances and GDP examined fluctuations in the Reported Social Unrest Index (RSUI) across 89 advanced and emerging countries from 1990 to 2019.

Increases in a country’s RSUI indicate setbacks to its economy. Following a typical civil protest, GDP contracts immediately by 0.15 percentage points, and after six quarters, it remains 0...

Comment on this summary

More on this topic

By the same authors

Better Neighbors
Fiscal Therapy
Latin America’s Lost Decades
The United States Should Fear a Faltering China
Capitalism in America
China's Great Wall of Debt

Related Channels