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Components of the non-observed economy in Italy in 2021

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Source

Release date

October 2023

Region

Italy

Survey time period

2022

Supplementary notes

The sum of the figures may exceed 100 percent, probably due to rounding by the source. 

Citation formats

Components of non-observed economy in Italy 2021

Published by D. Clark, Sep 9, 2024

Non-observed economy refers to all the productive activities that may not be recorded in the data sources used for calculating national accounts. It includes the underground economy, the informal economy, and the illegal economy. The underground economy is constituted mainly by illicit employment and false tax declarations. The latter were the major component of Italy's non-observed economic activities in 2021. The value of the shadow economy from under-declaration amounted to ** billion euros. The total value of the underground economy was equal to *** billion euros.

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Key economic indicators of ItalyGDP of the U.S.Inflation in EuropeUnemployment in EuropeEmployment in Europe
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