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Ukraine’s off the books, shadow economy amounts to $83 billion

Wednesday, January 22, 2020
Ukraine’s off the books, shadow economy amounts to $83 billion

Ukraine’s off the books, shadow economy amounts to $83 billion, according to a study by Yury Kharazishvili, chief researcher at the Institute of Industrial Economics of the National Academy of Sciences of Ukraine. If accurate, Ukraine’s $150 billion GDP is really $233 billion. With this accounting, GDP per capita rises to $5,833.

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