Non-observed economy in national accounts - Years 2019-2022

In 2022, non-observed economy increases by 17.6bn euro, rising by 9.6% with respect to 2021 (+8.4% the growth rate of GDP at current prices). Underground economy (net of illegal activities)is worth about 182bn euro, +16.3bn euro compared to 2021, while illegal activities reachalmost 20bn euro.
Un-registered FTEs are 2,986mln, stable with respect to 2021.
 
The estimates presented in this Report are consistent with the general revision of National Accounts released last September 23^th and incorporate the related methodological innovations (see pages 8 and 9).