Mexico: economic impact of fear 2015-2023

Published by Statista Research Department, Sep 19, 2024
Managing fear against crime in Mexico was estimated to cost around 56.7 billion Mexican pesos in 2023. The total economic impact of fear due to criminality and violence in this Latin American country had remained rather stable in the indicated period prior to 2023, during that last year the estimated cost increased by over 12 billion pesos.

Expenditure on fear of criminality and violence in Mexico from 2015 to 2023 (in billion Mexican pesos)

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Source

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Release date

May 2024

Region

Mexico

Survey time period

2015 to 2023

Special properties

*constant 2022 pesos

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."
Figures prior to 2023 were taken from previous versions of the same report.

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