Name: Mexico: economic impact of incarceration in 2006-2016
Creator: Statista

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This statistic displays a timeline with the estimated annual economic impact of incarceration in Mexico from 2006 to 2016. In 2016, the economic impact of incarceration in the Latin American country amounted to 1.7 billion Mexican pesos, up from 1.1 billion pesos ten years earlier.

Annual economic impact of incarceration in Mexico from 2006 to 2016 (in billion Mexican pesos)

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Release date

April 2017

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Region

Mexico

Survey time period

2006 to 2016

Supplementary notes

The source adds the following information: "The Institute has developed an innovative methodology to calculate the economic impact of violence to the economy. It does this by calculating 13 different types of violence related spending at the national level, and applying a multiplier effect to account for the lingering influence of violence and fear. There are immediate and obvious examples of the impact of violence to the economy, like hospital fees, or security costs, and there are also more subtle long term impacts, such as a shift to more defensive spending by individuals, businesses and governments."