18:40 21 June 2021
Post by: WBJ

The shadow economy in Poland will reach 18-20% of GDP in 2020

The shadow economy in Poland will reach 18-20% of GDP in 2020

The estimated size of the shadow economy in Poland during the 2020 pandemic was 18-20% of GDP, according to the Global Compact’s report “Tackling the shadow economy in Poland 2020-2021.”

The Global Compact cautioned that the estimates are based on incomplete data, as accurately determining the scale and size of the informal sector during last year’s pandemic “requires more information and research collected.”

The study for 130 countries found that a 10% increase in the intensity of the epidemic corresponds to a 2.1% increase in the shadow economy.

The report pointed out that companies that did not meet the formal requirements to receive support from the crisis shield “had no incentive to respect other rules, so given a choice, whether to go out of business or move (temporarily or not) into the shadow economy to maintain business and jobs, it seems that many had no choice but to choose the shadow economy.”


More News


14 hours ago

NENT Group announces first Polish Viaplay Originals

14 days ago

'I am afraid of the fourth wave of the pandemic and I would not like to repeat the scenario we know about': Tomasz Kammel

26 days ago

‘I can't wait to get to know my competitors in the Miss World competition in person’: Karolina Bielawska

1 month ago

Women of Business for mothers of terminally ill children

Book of Lists

Book of Lists
7 months ago

The largest Polish companies under the Book of Lists microscope! Book of Lists 2020/2021 certificates have been awarded.

Book of Lists
1 year ago

25th jubilee edition of Book of Lists – project start