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If we're just talking about the formula of GDP = gov spend + investment + consumption + net exports, then scamming foreigners would be captured under the "net e
by spacebanana7 1y ago
If we're just talking about the formula of GDP = gov spend + investment + consumption + net exports, then scamming foreigners would be captured under the "net exports" category. Similar to remittances, which are quite significant components of GDP for some countries.
Admittedly it's doubtful whether this kind of activity would be captured by official statistics.
- HPsquared 1y agoRemittances aren't counted towards GDP either. The funds can contribute indirectly, as consumption or investment, if spent locally. This $15B didn't make it that far, though.