Best Italia Economy Portal: The underground economy and illegal is worth $ 200 billion

The underground economy and illegal is worth $ 200 billion – La Stampa

The underground economy and illegal worth 200 billion

The new Istat estimates refer to 2011: together are worth 12.4% of the GDP

REUTERS

09/09/2014

The Mayor gives a new estimate of the underground economy , equivalent to about 187 billion, 11.5% of the GDP of 2011 is related sums to work irregular and underreporting. To this we can add the illegality (drugs, prostitution and smuggling), for a combined, the economy is not observed, more than 200 billion (12.4% of GDP).

The illegality enters the GDP, according to the guidelines of Eurostat. The inclusion refers to drugs, prostitution and smuggling of cigarettes, which contribute to the appreciation of the GDP by 1.0 percentage points, or € 15.5 billion (including induced the production of goods and legal services).

The ratio of deficit to GDP falls by 0.2 percentage points. This is the effect on the national accounts of new European rules and the innovations introduced by Istat. He does know the same institute, explaining that the ratio of net debt / GDP ratio rose from 3.7% to 3.5%, with reference to 2011

Here comes the new GDP and compared to the “old” data the level is increased by 59 billion, or 3.7%. The ISTAT estimated that the GDP has recalculated according to the new European System of Accounts and other changes. The reference year is 2011, which is estimated passes, in fact, 1579.9000000000 to 1638.9000000000.

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