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Cost to US of Iraq and Afghan wars could hit $6 trillion. The cost of the wars in Iraq and Afghanistan could reach as high as $6 trillion dollars â or $75,000 for every household in America â a new study from Harvard University has found.
The U.S. Department of Defense has estimated the cost of the Gulf War at $61 billion. Kuwait, Saudi Arabia and other Gulf states covered $36 billion while Germany and Japan covered $16 billion. Still, as a percent of Gross Domestic Product (0.3%), Desert Storm was the cheapest war fought in U.S. history. The greater cost of the war to the region was likely more than $676 billion.