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The Underground and Illegal Economy Is Worth 218.2 Billion: It Is 9.9% of GDP. Irregular Work Grows

Summary by Il Sole 24 Ore
It always depends on how you look at the glass if half full or half empty. But the fact is that the economy is not observed (i.e. the sum of submerged and...

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In 2024 the value of the unobserved economy, mainly the total of the undeclared and the illegal activities, is pairs to 218,2 billion, increase of 0.3% regarding 2023, against a increase of the current GDP of 3.2%. (ANSA)

·Rome, Italy
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Lean Right

It always depends on how you look at the glass if half full or half empty. But the fact is that the economy is not observed (i.e. the sum of submerged and...

·Milan, Italy
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Lean Left

Employee balance in black or grey: over 145 thousand more irregular, the total reaches about 3 million 277 thousand.

·Rome, Italy
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Lean Left

Over 218 billion euros, almost a tenth of the Italian GDP. It is the value (updated to 2024) of the unobserved economy, which includes the submerged and illegal activities. The phenomenon, according to the estimates spread by the Istat, widens in absolute values from 217.6 billion of 2023 but slows slightly in relation to the GDP: the impact on the product [...] L'articolo The submerged and illegal economy is worth over 218 billion in 2024. Irre…

·Rome, Italy
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Its impact on GDP is down to 9.9% from 10.2% in the previous year with a reduction of 0.3 percentage points.

(Teleborsa) - In 2024 the unobserved economy is worth 218.2 billion euros, up 0.3% on 2023 (217.6 billion), while the current GDP grows by 3.2%: the incidence thus drops to 9.9% from 10.2%....

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Agenzia giornalistica Opinione broke the news on Friday, October 16, 2026.
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