KYIV, April 21 – The level of the shadow economy in Ukraine in January-September 2020 amounted to 31% of GDP, which is 3 percentage points (p.p.) more compared to the same period in 2019, according to an analytical report of the Economy Ministry.
"The spread of the pandemic and the complication of the conditions for economic activity, formed as a result of the introduction of forced restrictive measures, led to the growth of the shadow economy in Ukraine. According to preliminary calculations of the Economy Ministry, the level of 'shadow' in January-September 2020 amounted to 31% of the volume of official GDP, which is 3 p.p. more than January-September 2019," according to the repot posted on the ministry's website on Wednesday.
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