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Italy has almost 200 Billions of shadow economy (untaxed profits) per year see: https://www.statista.com/statistics/629463/shadow-economy-italy/ https://www.st

• adventured 8y ago
  It's larger than that. 20% of the Italian economy is shadow, something around $400 billion, according to a recent study by the Institute for Applied Economic Research at the University of Tübingen in Germany (IAW). The US has a $1 trillion shadow economy, around 5% +/-. Canada has a 10% shadow economy. Norway is up at 12%. https://www.forbes.com/sites/niallmccarthy/2017/02/09/where-the-worlds-shadow-economies-are-firmly-established-infographic/ https://www.forbes.com/sites/niallmccarthy/2017/02/09/where-...
  • superhuzza 8y ago
    I'm surprised Canada has such a large shadow economy. My guess is that a lot of it is restaurants/bars + cannabis.
• sonnyblarney 8y ago
  This is a really good point - but most good industries cannot exist in the shadows. You can't make cars 'in the shadows' for example. So while that may be a silver lining ... it's not a very happy one in the long term.
  • deleted 8y ago
    [deleted]
  • m0llusk 8y ago
    That is not true, especially with the large Chinese financed, managed, and staffed factories that are increasingly common in Italy.