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Brazil Has Highest Cost of Crime in Latin America: IDB

The Inter-American Development Bank (IDB) has revealed that Brazil has the highest cost of crime in Latin America, according to its new report, The Costs of Crime and Violence.

“[Brazil] is the country with the highest costs of crime in nominal terms. Violence accounted for $7.6 billion in losses to the country in 2014 in a conservative scenario, representing 53% of the total cost of crime in Latin America and Caribbean, and 78% in the Southern Cone,” said the report.

The study also estimates that the direct annual cost of crime and violence in Latin America and the Caribbean is US$261 billion, or 3.55% of GDP.

This is roughly what the region invests on infrastructure, and is double the average cost for developed countries, according to the report.

Matt Kendall

During his 2+ years as Chief Editor at Nearshore Americas, Matt Kendall operated at the heart of both the Nearshore BPO and IT services industries, reporting on the most impactful stories and trends in the sector.

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