World Bank Model Links Jamaica's Homicide Rate to Growth Thesis
What happened
A World Bank/UNODC cross-country model, built on data from 1975 to 2000, was used to compare crime rates in the Caribbean region. The model suggests that Jamaica is on track to close 2026 with a homicide rate of between 18 and 20 per 100,000. This rate is moving close to Costa Rica's current average of 15 to 16, which was 16.8 in 2025.
From jamaica-gleaner.com
Why it matters
The business community argues that the high crime rate in Jamaica has historically imposed significant costs on enterprises, such as inflated insurance premiums and increased security budgets. The thesis suggests that lowering the homicide rate to Costa Rica's level could add several percentage points to Jamaica's annual growth.
The discussion centers on the structural issues of high crime rates, education gaps, and gender dominance in corporate boards.
From jamaica-gleaner.com
Who's involved
- World BankInternational financial institution whose models are used for regional economic analysis.
- JamaicaIsland state whose current homicide rate is being compared to another country's average.
- Costa RicaCountry whose current average homicide rate is used as a benchmark in the model.
Keep exploring
The entities involved
-
World Bank
international financial institution
-
Jamaica
island state in the Caribbean Sea
-
Costa Rica
country in Central America