Eesti Kaubanduskoda Lätis

Shadow Economy Index for the Baltic Countries 2009-2014

21.05.2015

The term “shadow economy” in the context of this research refers to all legal production of goods and services that is deliberately concealed from public authorities.

The research suggests that, in 2012, shadow economy in Estonia and Lithuania was 19.2% and 18.2%, respectively, whereas in Latvia it was 21.1% of GDP.

Even if the level of shadow economy has been the highest in Latvia for the third consecutive year, research for 2012 suggests a positive trend towards a decrease in that level. The size of shadow economy did not change notably in Estonia and Lithuania in 2012 in comparison with previous years.

Read more…