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Shadow economy proportion in Latvia at 24.2% last year
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    News

    Shadow economy proportion in Latvia at 24.2% last year

    RIGA, May 15 (LETA) - During a conference today dedicated to the shadow economy situation in the country, Stockholm School of Economics in Riga (SSE Riga) Professor Arnis Sauka said that the proportion of shadow economy in Latvia rose by 2.2 percentage point last year to 24.2 percent.

    He said that the shadow economy proportion in Latvia has risen for the past two years in a row.

    The expert also pointed out that the shadow economy proportion in Latvia rose last year despite the fact that there was economic growth and an improvement of the overall economic situation.

    The largest proportion of shadow economy activities last year was made up of under-the-table salaries - 43.5 percent.

    As reported, the shadow economy proportion in Latvia reached 22 percent in 2017, up 1.3 percentage points from the previous year.

    • Published: 15.05.2019 10:52
    • LETA
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