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by solitus 1702 days ago
Is 3% really "small"?
1 comments
f38zf5vdt 1702 days ago
The underground economy in developed countries is estimated at around 10% of the GDP, so comparatively yes. [1]

[1] https://www.investopedia.com/articles/markets-economy/062216...

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marcosdumay 1702 days ago
Underground economy is a term for any transaction that isn't reported to the government and don't pay taxes. It's not a name for illegal activity only.

Most of it is perfectly legal or is illegal only because it's evading taxes.

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solitus 1702 days ago
Good to know, thanks for the link!
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