World Bank estimates Poland's shadow economy at 29.1% of GDP.

By bne IntelliNews October 14, 2010
Poland's shadow economy constitutes 29.1% of the country's GDP, according to a report by the World Bank cited by the Dziennik Gazeta Prawna . This result puts Poland on the 52th spot on the WB's ranking of 162 countries The newspaper compares these estimates to the data by the Polish stats office GUS, under which the informal economy made up 12.8% of GDP in 2007 and 11.8% in 2008. tom

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335