Time spent collecting water or seeking a safe place to go accounts for billions of dollars in lost economic opportunities. There are 771 million people in the world who lack access to safe water, and of them, women are generally tasked with water collection. They spend hours, multiple times per day, waiting in long lines at community water kiosks or walking to distant sources like rivers and ponds to find it. This is time spent, and income not earned. An estimated $260 billion is lost globally each year due to lack of basic water and sanitation.
Access to safe water and sanitation increases economic return
Improving household water and sanitation access impacts household finances and ultimately the economy at a macro level. For instance, access to safe water and a toilet at home can reduce a family’s health care expenses. Universal access to basic water and sanitation would result in $18.5 billion in economic benefits each year from avoided deaths alone. Every $1 invested in water and sanitation provides a $4 economic return from lower health costs, more productivity and fewer premature deaths.