Latvian Finance Ministry: shadow economy totals 20-30% of GDP ...

Even though there are three or even four methods how to establish the share of shadow economy, the Finance Ministry estimates that it currently amounts to 20-30 percent of Latvia's gross domestic product, Finance Ministry's Deputy State Secretary Juris Stinka pointed out during today's session of Saeima Public Expenditure and Audit Committee.... Read more...

Posted in: The Baltics.

Source: http://www.balticsww.com/post/latvian-finance-ministry-shadow-economy-totals-20-30-of-gdp/

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