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Analysts compare the size of Ukraine's shadow economy with those of other countries.

Summary by UBN
Prior to the full-scale war in 2021, Ukraine’s shadow economy was estimated to be around 30% of GDP. Last year, the Ministry of Economy reported that potentially 40% of the economy could take place in the shadows. However, in specific industries like trade, that figure might reach 60-70%. According to Ernst Young, the shadow economy represented 11.8% of total global GDP in 2023, based on the latest data. Concurrently, in about half of the countr…
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elDiarioAR broke the news in on Monday, April 14, 2025.
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