Cost of Crime in Latin America and the Caribbean equivalent to 78% of public budget for education

Latin America and the Caribbean social and economic development remains heavily burdened by crime and violence, a new Inter-American Development Bank (IDB) study shows. The direct costs of crime and violence in Latin America reached 3.44% of the region’s Gross Domestic Product (GDP) in 2022, mostly unchanged from a previous IDB study published in 2017.