Mexico: economic impact of firearm usage in 2006-2016

Published by Statista Research Department, Jul 5, 2024
This statistic displays a timeline with the estimated annual economic impact generated by the use of firearms in Mexico from 2006 to 2016. In 2016, the economic impact caused by the use of firearms in the Latin American country was measured at 53.2 billion Mexican pesos, up from 46.9 billion pesos ten years earlier.

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

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Source

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Release date

April 2017

Region

Mexico

Survey time period

2006 to 2016

Special properties

Estimated figures; Based on 2016 constant prices

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."

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