Non-observed economy's impact on the Italian GDP 2011-2022

Published by
Lorenzo Macchi,
Nov 25, 2024

Between 2011 and 2022, the ratio of the non-observed economy to gross domestic product (GDP) in Italy decreased. According to data, the value of the economy generated by both the shadow economy (under-declaration, illicit work, etc.) and illegal activities added up to 10.1 percent of gross domestic product in 2022.

Non-observed economy in Italy from 2011 to 2022 (as a share of GDP)

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Release date

October 2024

Region

Italy

Survey time period

2011 to 2022

Supplementary notes

Non-observed economy refers to all productive activities that may not be captured in compiling national accounts. It includes both the shadow economy (under-declaration, illicit work, etc.) and illegal activities.

Figures have been taken from several publications.

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