9/25/14, "Illegal activities boost Spain's GDP by $11 billion," AP, Madrid
"Spain's National Statistics Institute says money generated by drug trafficking, prostitution, smuggling and illegal gambling contributed some 9 billion euros ($11.4 billion) to the national economy last year.
The
institute said Thursday that the country's gross domestic product is
26.2 billion euros larger - at 1.05 trillion euros - when estimates for
illegal economic activities as well as money spent on investigation and
research and military armament are included. Illegal activities
represented 0.9 percent of total economic activity.
The
figures are being included in GDP calculations on the recommendation of
the European Union, which is trying to harmonize estimates across
member states and get a full picture of economic activity, whether legal
or not.
The institute based the estimates for illegal activities on government reports." via Free Rep.
.
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