ISTAT said Tuesday that Italy's
non-observed economy - activities that are underground, illegal
or informal - was worth around 211 billion euros in 2017, 12.1%
of GDP.
The national statistics agency said around 19 billion euros of
that were linked to illegal activities.
It said the figures for 2017 continued a trend that has seen
the non-observed segment of the economy shrinking in recent
years after it peaked at 13% in 2014.
ISTAT said, however, that the number of people working off
the books in Italy in 2017 amounted to 3.7 million, some 25,000
more than in 2016.
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