In 2023, the economic impact caused by homicide in Mexico amounted to over two trillion Mexican pesos. This amount represents 42.5 percent of the total economic losses suffered due to violence in the Latin American country. Other violent crimes followed homicide with an economic impact of 1.78 trillion pesos that year.
Economic impact of violence in Mexico in 2023, by indicator
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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."
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IEP. (May 5, 2024). Economic impact of violence in Mexico in 2023, by indicator (in billion Mexican pesos) [Graph]. In Statista. Retrieved September 18, 2024, from https://www.statista.com/statistics/754795/mexico-economic-impact-of-violence-by-indicator/
IEP. "Economic impact of violence in Mexico in 2023, by indicator (in billion Mexican pesos)." Chart. May 5, 2024. Statista. Accessed September 18, 2024. https://www.statista.com/statistics/754795/mexico-economic-impact-of-violence-by-indicator/
IEP. (2024). Economic impact of violence in Mexico in 2023, by indicator (in billion Mexican pesos). Statista. Statista Inc.. Accessed: September 18, 2024. https://www.statista.com/statistics/754795/mexico-economic-impact-of-violence-by-indicator/
IEP. "Economic Impact of Violence in Mexico in 2023, by Indicator (in Billion Mexican Pesos)." Statista, Statista Inc., 5 May 2024, https://www.statista.com/statistics/754795/mexico-economic-impact-of-violence-by-indicator/
IEP, Economic impact of violence in Mexico in 2023, by indicator (in billion Mexican pesos) Statista, https://www.statista.com/statistics/754795/mexico-economic-impact-of-violence-by-indicator/ (last visited September 18, 2024)
Economic impact of violence in Mexico in 2023, by indicator (in billion Mexican pesos) [Graph], IEP, May 5, 2024. [Online]. Available: https://www.statista.com/statistics/754795/mexico-economic-impact-of-violence-by-indicator/
