EconomicGlobal RiskOrganized Crime & Gangs

Cost of crime in Brazil has doubled in past two decades

Citing the “limited” impact of police efforts to combat crime, the economic impact of crime in the continent’s largest economy now stands at more than 75 billion USD every year. This is more than double the amount lost to crime in 1996. The full cost of public security, private security, insurance, prisons, productivity losses, as well as the accompanying legal/medical services now amount to 4.4% of GDP, a share that continues to rise. 

Source: Brazil’s Crime Costs Double in Two Decades to More Than $75 Billion – Bloomberg

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