Terror-related deaths in Europe also dropped by 75 per cent in 2017, according to the report.
But devastating results show that the UK is one of the few countries in the world where deaths by terrorists increased – rising by 32 per cent last year.
Despite a 52 per cent decrease, ISIS are still the most deadly terrorist organisation in the world, claiming lives and injuring innocent people in attacks such as the Barcelona attacks and the Manchester bombings.
However, the death cult is now near complete military defeat in Iraq and Syria and has a greatly diminished revenue base and capacity.
Steve Killelea, Executive Chairman of the Institute of Economics and Peace think-tank, said: "ISIS has lost much of its attractiveness due to its military defeats and weakened capabilities to mount attacks in Europe.
"Increases in counter-terrorism funding, combined with better surveillance techniques, have also contributed to the steep reduction of deaths in Europe from terrorism."
In 2017, 18,814 people were either murdered or took their own lives in terror attacks around the world, with 67 countries recording at least one death by terrorism.
The UK is the 35 on the global terrorism table, six after Columbia and two after Russia.
Iraq, Afghanistan, Nigeria and Syria are the worst affected countries.
The findings also revealed that since 2002, eight out of the nine regions in the world experienced an increase in terrorism.
North America was the only region to see the attacks decline.
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