News

AIC: New research estimating the costs of serious and organised crime in Australia

Link to: Estimating the costs of serious and organised crime in Australia, 2022–23

The Australian Institute of Criminology has released the fourth in a series of reports undertaken for the Australian Criminal Intelligence Commission estimating the cost of serious and organised crime in Australia.

The total cost of serious and organised crime in Australia in 2022-23 was estimated to be up to $68.7b.
This includes $43.3b from the costs of crimes that have a clear and direct link with serious and organised crime, $8.5b from the costs of conventional crimes committed as a consequence of serious and organised crimes, and $16.9b from the costs to government entities, businesses and individuals associated with preventing and responding to serious and organised crime.
The estimated cost of serious and organised crime in Australia represents 2.9 percent of national gross domestic product for 2022-23.