Great War Statistics – The Cost of the Great War

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£m
Britain 7,852
France 5,392
USA 5,028
Russia 5,021
Italy 2,736
British Empire 999
Other Allies 881
Total 27,909

1 Direct Spending by Entente Governments 1914 – 1918 £m

£m
Germany 8,394
Austria-Hungary 4,583
Bulgaria and Ottomans 499
Total 13,476

2 Direct Spending by Central Powers Governments 1914 – 1918 £m

Pre-1914 Post-1918
Japan 20% 13%
France 13% 18%
Canada 11% 11%
Italy 11% 11%
Britain 9% 27%
Germany 8% 12%
Australia 8% 10%
USA 2% 8%

3 Changes in Personal Taxation between 1914 and 1918

 

Government Spending 41,385
Capitalised Value of Lost Lives 14,912
Loss of Production 10,000
Loss of Property 6,658
Loss of Merchant Ships 1,511
Loss to Neutrals 393
War Relief 1
Total 74,860

 

4 Global Cost of the Great War £m

£m
  From Britain From USA Total
Britain 959 959
France 482 634 1,116
Italy 459 354 813
Russia 631 42 673
Belgium 96 76 172
Serbia 20 6 26
Roumania 7 7
Greece 10 10
Cuba 2 2
Liberia 1 1
British Empire + Others 243 243
Total 1,931 2,091 4,022

5 Cash Advances and Loans made by Britain and USA to other Entente Powers £m

 

£m
USA +278.5
Japan +183.0
Spain +84.0
Argentina +49.0
Netherlands +41.0
Switzerland +12.5
Uruguay +10.0
Sweden +10.0
Denmark +9.0
Canada +9.0
Norway +4.5
Australia +1.0
Greece +0.5
New Zealand 0.0
South Africa -0.5
Finland -0.5
Bulgaria -1.0
Portugal -1.5
Belgium -4.0
Roumania -7.0
Italy -19.0
France -25.0
Britain -42.0
Austria-Hungary -55.0
Germany -123.0

6 Changes in Gold Reserves 1914 – 1918 £m

Sources for statistics

Savereo John 2017