In Europe, parking takes up half the size of Belgium.

Tuesday, 9 February 2016

by: Qurius

Most economic transactions you make depend in part on the ability of someone (you, a long-haul trucker, the UPS delivery person, an ambulance driver, and so on) to park. And stationary vehicles occupy vast amounts of land everywhere in the world.

Indeed, a simple back-of-the-envelope calculation suggests that, in the United States, parking takes up more space than the whole state of Massachusetts. In Europe, where cars are smaller and fewer in number, parking still takes up an area half the size of Belgium.

A finding from an article from the Milken Institute, by Eren Inci, an associate professor of economics at Sabanci University in Istanbul.