Maybe this helps the cost of living discussion
Quote:
Originally Posted by xfiltrate
Tim, I did not consider Spain's "massive black economy of 25% GDP," but assuming the other countries also have massive black economies, the comparison should hold. I know little about the illegal drug economies
of the U S and the UK (for example) except that both are massive.
xfiltrate
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A little while ago it was reported that the UK now includes for the illegal drug economy in the GDP figures for this country.
It being totally illegal, at present anyway, such figures are arrived at by some form of estimation.
IIRC, there is also included an estimation of the GDP turnover for prostitution.
Only the wacky UK or perhaps the USA does the same?
Anyway, it tells a good story and no one really seems to care.
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Dave
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