In 2017 NOE generated value added for about EUR 211 billion (compared to 207.7 bln. in 2016), with an increase of 1.5% to the previous year, a slower growth than total value added (+2.3%). Hence, the weight of NOE on GDP was slightly reduced from 12.2% in 2016 to 12.01% in 2017, confirming the downward trend that has been ongoing since the peak reached in 2014 (13%).<\/p>\n
Total underground economy in 2017 accounted for about EUR 192 billion, 12.3% of the total value added: under-reporting accounted for EUR 97 billion, the use of undeclared work for 79 billion and the residual components for 16 billion.<\/p>\n
The composition of NOE proves to be quite stable over time. Under-reporting of value added proves to be the most relevant component: in 2017 it accounted for 46.1% over the total NOE, it increased by 0.3 percentage points to 2016.<\/p>\n
In 2017 undeclared Full time equivalent units (FTEUs) were 3.7 million, mainly employees (about 2.7 million). They grew by 0.7% compared to 2016, when, on the contrary, they had decreased by 0.7%.<\/p>\n
The weight of undeclared work was quite high in service activities (16.8%) and in\u00a0 particular in Other personal services (47.7%). In Construction undeclared work accounted for 17% of the total, and in Trade, Transportation, Accommodation and food service activities for 15.8%.<\/p>\n
In 2017 the value added generated through the illegal activities included in NA accounts for EUR 18.9 billion, an increase of 0.8% to the previous year. The households final consumption expenditure (HFCE) of illegal goods and services amounted to EUR 20.3 billion, an increase of 0.9% to 2016.<\/p>\n
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For information<\/strong><\/p>\n Alessandra Agostinelli
\nPh. +39 06 4673.3130
\nagostine@istat.it<\/a><\/p>\n