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It's true: The Netherlands, considered by many to be a bicycling utopia, has more cyclist deaths per capita than the U.S. Heck, the Netherlands actually has more cyclist deaths overall than car driver/passenger deaths!
Most of you probably already know the reason why: the Dutch do way more bike-riding by Americans, so per mile traveled (which is a much more meaningful metric than per-capita), cycling is way more dangerous in the U.S. than the Netherlands. Like, 4x more dangerous. (And on a per-trip basis, seems to be about 15x more dangerous.)
Here's a (dated) chart of the percent of trips by bicycle, by country. USA! USA!
As Forbes notes, the more cyclists in a country, the fewer fatal crashes:
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