Crime creates important threats to societies and economies both from microeconomic and macroeconomic point of views. From the microeconomic perspective, the effects of variables such as income, unemployment, education, and inequality on crime are investigated while macroeconomic analyses focus on the negative effects of crime on economic growth since it decreases competitiveness, deters foreign investors, and increases inefficient public expenditures. This study analyses socioeconomic determinants of crime and the impact of crime on economic growth by using panel data techniques for 25 European countries including Turkey for the period of 1993-2012. Empirical results indicate that rise in income, education and welfare have negative correlation with crime levels while rise in unemployment, price level and inequality have a positive correlation with it. In addition, empirical results confirm that crime has a negative impact on economic growth.