Mexico's annual spending on private security and weapons reached 265.6 billion Mexican pesos in 2020. Half of this amount were directly spent funds on private security.
Expenditure on private security and firearms in Mexico from 2015 to 2020
(in billion Mexican pesos)
*At 2020 constant prices.
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, 2021). Expenditure on private security and firearms in Mexico from 2015 to 2020 (in billion Mexican pesos) [Graph]. In Statista. Retrieved May 20, 2022, from https://www.statista.com/statistics/754817/mexico-government-spending-on-domestic-security/
IEP. "Expenditure on private security and firearms in Mexico from 2015 to 2020 (in billion Mexican pesos)." Chart. May 5, 2021. Statista. Accessed May 20, 2022. https://www.statista.com/statistics/754817/mexico-government-spending-on-domestic-security/
IEP. (2021). Expenditure on private security and firearms in Mexico from 2015 to 2020 (in billion Mexican pesos). Statista. Statista Inc.. Accessed: May 20, 2022. https://www.statista.com/statistics/754817/mexico-government-spending-on-domestic-security/
IEP. "Expenditure on Private Security and Firearms in Mexico from 2015 to 2020 (in Billion Mexican Pesos)." Statista, Statista Inc., 5 May 2021, https://www.statista.com/statistics/754817/mexico-government-spending-on-domestic-security/
IEP, Expenditure on private security and firearms in Mexico from 2015 to 2020 (in billion Mexican pesos) Statista, https://www.statista.com/statistics/754817/mexico-government-spending-on-domestic-security/ (last visited May 20, 2022)
