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How much does the Grey Economy affect the Irish economy?

  • 09-02-2015 4:04pm
    #1
    DonnaMarieAva
    Registered Users Posts: 155 ✭✭


    I'm doing a project for college in which I have to obtain some information regarding the Irish Economy for my Macroeconomics module. I can't seem to gather the same information for the Grey Market as I can for the Black Market. I'm just looking for some general facts and figures and comparisons between years. I would also need referencing of that information. Thanks in advance for any help! :)


Comments

  • #2
    hfallada
    Closed Accounts Posts: 4,180 ✭✭✭hfallada


    The grey economy is not illegal,so I imagine its included in the national accounts. As good were sold legitimately. Eg a €2 shop selling coke for the UK market in Ireland, is an example of the grey economy. Although its not 100% accepted by coke. Its completely legal


  • #3
    oppenheimer1
    Closed Accounts Posts: 6,084 ✭✭✭oppenheimer1


    hfallada wrote: »
    The grey economy is not illegal,so I imagine its included in the national accounts. As good were sold legitimately. Eg a €2 shop selling coke for the UK market in Ireland, is an example of the grey economy. Although its not 100% accepted by coke. Its completely legal

    The black economy is now included in national statistics regarding the size of the economy.


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