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)
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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Vision of Humanity. (April 15, 2017). Annual economic impact of incarceration in Mexico from 2006 to 2016 (in billion Mexican pesos) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/754639/mexico-economic-impact-incarceration/
Vision of Humanity. "Annual economic impact of incarceration in Mexico from 2006 to 2016 (in billion Mexican pesos)." Chart. April 15, 2017. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/754639/mexico-economic-impact-incarceration/
Vision of Humanity. (2017). Annual economic impact of incarceration in Mexico from 2006 to 2016 (in billion Mexican pesos). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/754639/mexico-economic-impact-incarceration/
Vision of Humanity. "Annual Economic Impact of Incarceration in Mexico from 2006 to 2016 (in Billion Mexican Pesos)." Statista, Statista Inc., 15 Apr 2017, https://www.statista.com/statistics/754639/mexico-economic-impact-incarceration/
Vision of Humanity, Annual economic impact of incarceration in Mexico from 2006 to 2016 (in billion Mexican pesos) Statista, https://www.statista.com/statistics/754639/mexico-economic-impact-incarceration/ (last visited November 21, 2024)
Annual economic impact of incarceration in Mexico from 2006 to 2016 (in billion Mexican pesos) [Graph], Vision of Humanity, April 15, 2017. [Online]. Available: https://www.statista.com/statistics/754639/mexico-economic-impact-incarceration/
