Although the rise of violence in Mexico has come at a great cost to the country, there is very little research that aims to estimate the impact of this violence on the Mexican economy. As part of the 2015 Mexico Peace Index Report, the Institute for Economics and Peace have calculated the total cost of violence containment in Mexico… the results are astounding.
The total economic impact of violence in Mexico in 2014 is estimated to be 3 trillion pesos (US$233 billion).
That’s equivalent to $24,844 pesos (US$1,946) per citizen, or 16.7% of Mexico’s total GDP.
The economic impact of violence containment is calculated by measuring 13 different types of violence that have both direct and indirect impacts on the economy. In 2014, homicide and violent crime were the biggest contributors to the cost of violence.
For more on the economic impact of violence, download the Mexico Peace Index Report and explore section 3 on economics and peace.Related Articles
The 2015 Mexico Peace Index Report shows that Mexico has become less violent over the last three years due to a dramatic decrease in the number of homicides
Vision of Humanity is an initiative of the Institute for Economics and Peace (IEP). IEP have offices in New York and Sydney. For more specific inquiries related to the peace indexes and research, please contact IEP directly.