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The IMF has called the size of the informal sector in the Ukrainian economy

МВФ назвал размер теневого сектора в украинской экономикеIn developed countries the figure ranges from 7% to 15%.

The international monetary Fund, the auditors of which will arrive in Kiev after February 12, called the size of the informal sector in the Ukrainian economy. The assessment contained in the report of the economist, Leandro Medina from the African Department of the IMF and Friedrich Schneider from the University of Kepler (Linz).

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In the report of IMF experts, States that the average size of the shadow economy of Ukraine represents 44.8% of GDP.

In their work, the economists analyzed the period from 1991 to 2015, and showed how varied this figure annually.

For example, since 1991, when the shadow economy of Ukraine was estimated at 38,96% of GDP, the rate continuously grew until 1998, reaching a peak of 57%.

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The downward trend was observed until 2008, the figure dropped to 36,65%.

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