Counting the costs of crime in Australia: A 2011 estimate. AIC reports. Public policy series 129
Russell G Smith, Penny Jorna, Josh Sweeney & Georgina Fuller
Australian Institute of Criminology
The present and previous cost of crime reports aim to assist policymakers in assessing the financial and other implications of adopting particular crime control measures and in choosing the most cost-effective measures to use in Australia.
The cost of crime in Australia for the calendar year 2011 is estimated at $47.6b, or 3.4 percent of national GDP. Over the preceding decade, it is apparent that the cost of both specific crime types and the cost of the criminal justice system have both grown since 2001.
However, while the growth in the cost of specific crime types has been relatively small when considered as a proportion of national GDP, the level of change of preventing and responding to crime has been more pronounced. Indeed, a number of crime categories have shown a reduction in their incidence and cost since 2001. The costs of crime to any community are considerable and it is of value to policymakers, politicians, the general public and researchers to increase their knowledge about how the costs of crime can be estimated and how costing methods may be improved.