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The level of the shadow economy in Ukraine in the 1st quarter of 2018

The information is taken from the website of the Ministry of Economy of Ukraine (me.gov.ua):

According to the calculations of the Ministry of Economic Development, in the first quarter of 2018, the level of the shadow economy was 33% of the official GDP, which is 4 percentage points less compared to the same period of 2017. This is stated in the report prepared by the Department of Economic Strategy and Macroeconomic Forecasting of the Ministry of Economic Development.

The deification of the Ukrainian economy became possible thanks to:

At the same time, the dynamics of detinization is restrained by unresolved problems that negatively affect the development of the country’s economy as a whole. These are, in particular: the preservation of significant challenges to the stability of the country’s financial system and the presence of territories not controlled by the authorities, formed in the course of military aggression on the territory of the country.

In more detail about the trends of the shadow economy, measures to detinize and improve the business climate in Ukraine, see the report at the link:

https://bit.ly/2BMCYJl.