Italy, illegal economy worth 210 bn

National statistical institute (ISTAT): Unobserved economy 12.4% of GDP in 2016.
Italy, illegal economy worth 210 bn
12 October 13:09 2018 Print This Article

ISTAT said Friday that it estimates that Italy’s unobserved economy – production activities that are illegal, underground or informal – was worth around 210 billion euros in 2016, 12.4% of GDP.

The national statistics agency said the data shows that the downward trend for the unobserved economy has continued after it peaked at 13.1% of GDP in 2014.

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