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Illegal activities boost Spain’s GDP by $11 bln
Associated Press ^ | Sep 25, 2014 10:25 AM EDT

Posted on 09/25/2014 8:53:33 AM PDT by Olog-hai

Spain’s National Statistics Institute says money generated by drug trafficking, prostitution, smuggling and illegal gambling contributed some €9 billion ($11.4 billion) to the national economy last year. […]

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. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: drugtrafficking; eussr; gdp; prostitution; spain; undergroundmarket

1 posted on 09/25/2014 8:53:33 AM PDT by Olog-hai
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To: Olog-hai

The economy is really booming — just take a gander at all of this criminal activity!!!


2 posted on 09/25/2014 9:06:11 AM PDT by ClearCase_guy ("Now is not the time for fear. That comes later.")
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To: ClearCase_guy

Imagine how “rich” we would be if the federal government did the same thing.


3 posted on 09/25/2014 9:12:09 AM PDT by Olog-hai
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To: Olog-hai

You know i have to wonder if this is a prelude to legalizing everything so they can tax the activities?


4 posted on 09/25/2014 9:21:11 AM PDT by wiggen (The teacher card. When the racism card just won't work.)
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To: Olog-hai
Did they include vandalism like breaking windows as improving the economy? How about robbery?
5 posted on 09/25/2014 9:33:30 AM PDT by KarlInOhio (The IRS: either criminally irresponsible in backup procedures or criminally responsible of coverup.)
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To: Olog-hai

I thought they already did. Sorry that only applies to them and their cronies.


6 posted on 09/25/2014 11:31:45 AM PDT by Jean2 (ox)
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