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Ukraines shadow economy shrinks to lowest level since 2009
Journal Staff Report

KYIV, July 12 The level of shadow economy in Ukraine in 2018 decreased by 2 percentage points (p.p.) compared to 2017, to 30% of GDP, which is the lowest indicator since 2009, the Ministry of Economic Development and Trade reported.

"All the methods used for assessment of the level of shadow economy showed a decrease compared to 2017," the document says.

According to the report, the highest level of shadow economy was traditionally revealed by the method "population expenditures - retail turnover" at 46% of GDP, which is 2 p.p. lower compared to 2017.




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