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Latin Times
Latin Times
National
Demian Bio

Criminal Activity Cost Mexico Almost $250 Billion Last Year, Close To 20% Of Its GDP

Mexico
A Mexican soldier stands guard next to some graffitis of the drug trafficker Mayo Zambada (MZ) and the criminal group "Cartel de Sinaloa" (CDS), in Palmas Altas village, Jerez de Garcia Salinas municipality, Zacatecas state, Mexico (Credit: PEDRO PARDO/AFP via Getty Images)

Criminal activity in Mexico cost the country close to $250 billion last year, a figure equivalent to around 18% of its GDP, according to a new study.

The report, published by the Institute for Economics and Peace, specified that the cost amounted to $245 billion. It added that even though its index saw a moderate improvement in peace (0.7%), a surge in military spending (39%) increased the costs associated with violence.

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