Colombia among the best countries despite its insecure image.
BY JOACHIM BAMRUD
Latin America’s cost of crime for companies is worst in Venezuela, according to a Latin Business Chronicle ranking based on data from The World Bank.
The country with the lowest crime cost for business? Uruguay.
Our analysis looked at three factors measuring the cost of crime:
Losses due to theft and vandalism against the firm as a percent of annual sales,
Security costs as a percent of annual sales,
Products shipped to supply domestic markets that were lost due to theft as a percent of product value.
When these three criteria were combined, Venezuela came out as the worst country in Latin America.
Venezuela has the highest losses of ...
Keywords: Brazil, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Uruguay, Venezuela
Crime Cost: Best & Worst
Crime Cost by Category