Violence costs Latin America 4% of GDP: the impact on the regional economy

In Latin America, for every 100,000 inhabitants there are 25 homicides, more than triple the world average. Photo: Colombian Army.

Violence costs Latin America 4% of GDP: the impact on the regional economy

TL;DR

  • Violence costs Latin America over 4% of its GDP, impacting investment and productivity.
  • The region suffers 33% of the world's homicides despite having only 8% of the global population.
  • Narcotics trafficking is a key factor in regional violence, with Latin America originating 90% of global cocaine.
  • The EU-Mercosur trade agreement is seen as a "tremendous opportunity" to create the world's largest free trade area.
  • The EU-Mercosur agreement includes mechanisms to address sensitivities, such as quotas and safeguards.

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