Share of Ukraine’s shadow economy declines to 33% of GDP in 2017

Share of Ukraine’s shadow economy declines to 33% of GDP in 2017

937
Ukrinform
The share of Ukraine’s shadow economy in 2017 declined to 33% of GDP.

Deputy Economic Development and Trade Minister Mykhailo Titarchuk stated this in an interview with Ukrinform.

“In 2012, the share of [Ukraine’s] shadow economy totaled 45% of official GDP, while in 2017 – it reached 33%. This means that every year our share of the economy ‘in shade’ decreases. We see the positive dynamics resulting from reforms, which improves the conditions for doing business and should contribute to economic growth," the deputy minister said.

iy

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-