Shadow Ukraine’s economy has overtaken Russia

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Photo: RIA Novosti

The shadow economy of Ukraine accounts for about 44.8 percent of GDP. This is evidenced by the report of the International monetary Fund (IMF) prepared by the economists Leandro Medina from the African Department of the Fund and Friedrich Schneider from the University of Kepler.

Economists have analyzed the informal sector of the economy in the period from 1991 to 2015, the average level amounted to 44.8 percent of GDP. The peak came in 1998, when it was 57 percent of the economy, the minimum value occurs in the first year of the analysis — in 1991, economists estimated the shadow economy in 38,96 percent of GDP.

For the calculation of the shadow economy, researchers have used approaches the Organisation for economic cooperation and development (OECD). In particular, in the analysis of the got criminal activity, the so-called “statistical underground” de jure legal, but it is impossible to calculate statistics activity-employment — that is, household production for own needs, as well as classic methods of tax evasion.

The share of the shadow economy in Russia amounts to 33.7 percent of GDP — is the level of developed countries of Africa and Pakistan, in Europe, a similar level of shadow economy is observed only in Romania and Bulgaria. In developed countries, such as USA, Japan and Switzerland in the shade is not more than 7 percent of GDP.

Video, photo All from Russia.



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