In 2023, tax rates were the primary factor influencing the shadow economy in Western, Northern, and Southern Europe, accounting for **** percent. However, in Eastern Africa, this figure represented only ** percent of the shadow economy.
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EY. (March 5, 2025). Factors contributing to the global shadow economy in 2023, by region [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved August 04, 2026, from /statistics/1619919/factors-contributing-to-the-global-shadow-economy-by-region/
EY. "Factors contributing to the global shadow economy in 2023, by region." Chart. March 5, 2025. ÌÇÐÄÆÆ½â°æ. Accessed August 04, 2026. /statistics/1619919/factors-contributing-to-the-global-shadow-economy-by-region/
EY. (2025). Factors contributing to the global shadow economy in 2023, by region. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: August 04, 2026. /statistics/1619919/factors-contributing-to-the-global-shadow-economy-by-region/
EY. "Factors Contributing to The Global Shadow Economy in 2023, by Region." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 5 Mar 2025, /statistics/1619919/factors-contributing-to-the-global-shadow-economy-by-region/
EY, Factors contributing to the global shadow economy in 2023, by region ÌÇÐÄÆÆ½â°æ, /statistics/1619919/factors-contributing-to-the-global-shadow-economy-by-region/ (last visited August 04, 2026)
Factors contributing to the global shadow economy in 2023, by region [Graph], EY, March 5, 2025. [Online]. Available: /statistics/1619919/factors-contributing-to-the-global-shadow-economy-by-region/