People say, X-country has a low crime rate or a high crime rate, but there is no equivalence in reporting standards. Which means each country reports the crime rate that their regulatory body dictates they report.
What country are you from and how does your country determine its crime rate?
I’m Australian and I actually don’t know how Australia reports its crime rates. I live in Japan though and I know that Japan reports a crime only when the police decide that a crime has taken place. And that only happens when they have a slam dunk case. So that’s why they have a 99% conviction rate and a “low” crime rate. Other crimes go unreported.
As you note, convictions or even arrests provide an incomplete measure.
In the US, but I doubt specific to there, there are two methods used: actual measured crime, and anonymous surveys about instances where you might’ve been a victim, even if it wasn’t reported. An example of the former is the FBI UCR. The latter, the NCVS.