The Price of Crime and Violence in Central America
In an effort to curb violence, Central American governments spent some $6.5 billion in 2006, or nearly 7.7% of the sub-region’s GDP.
Tuesday, August 26, 2008
The highest spending rates are for Guatemala, with a bill of US$2.29 billion, followed by El Salvador with US$2.10 billion. Costa Rica and Nicaragua registered significantly less with US$ 791 million and US$529 million respectively.
In Costa Rica, 7% of GDP is not enjoyed in the country, but it goes abroad as profits of foreign companies.
In 2014 the economic cost of violence in El Salvador exceeded $4 billion, while the opportunity cost of production and unmade investment was 4.8% of GDP.
Drug trafficking and gangs are the main factors responsible for intentional murders in the most violent countries in the world: Honduras, Belize, El Salvador and Guatemala.
In the second quarter of 2009, the country's Gross Domestic Product dropped 2.3% when compared to the same period of 2008.
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