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Latino Daily News

Thursday March 17, 2011

Crime is Costly in Mexico at Nearly $85.38 Billion a Year

Crime is Costly in Mexico at Nearly $85.38 Billion a Year

Photo: The cost of crime in Mexico

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A study just released by the Citizens Crime Research Institute (Icesi) revealed that crime costs accounted for 8.9 percent of Mexico’s gross domestic product (GDP) in 2009. That’s nearly $85.38 billion or 1.01 trillion pesos.

In 2007, 7.4 percent of the GDP went to crime-related costs, and it climbed to 8 percent in 2008, then to 8.9 percent in 2009.

In 2008 and 2009, crime-related spending rose 11.5 percent, costing each Mexico resident 10,363 pesos ($870) a year.

Federal, state, and municipal governments pay for 19.2 percent of the crime burden (and another 1.2 percent of indirect costs), while the private sector covers 79.7 percent of the cost.

“The increases in public investment have not resulted in a reduction in the crime rate” or in “the perception of crime among the population,” Icesi. The report also states that “the economic impact of crime has not eased in the country.” More money is being spent trying to handle crime, but that does not indicate that it is being used more wisely.