Istat: Italy's non-observed economy reached €218.2 billion in 2024
Italy's non-observed economy was valued at €218.2 billion in 2024, while its share of GDP fell to 9.9%, Istat reported. The institute reports the underground economy and illegal activities as separate components.
Source review period: 2024
Published: · Updated:
The source does not state the event date; the period shown is the source review period.
The value added of Italy's non-observed economy reached €218.229 billion at current prices in 2024, according to national accounts released by Istat on October 16. The amount rose 0.3% from 2023, while current-price GDP grew 3.2%; as a result, the non-observed economy's share of GDP declined from 10.2% to 9.9%. The figures refer to 2024, within a 2021–2024 series.
Istat separates the 2024 total into a €198.444 billion underground economy, excluding illegal activities, and €19.785 billion in illegal activities as a distinct component. Agriculture's irregular-work rate rose from 17.6% to 18.4%; the change reflected a 1.1 percentage-point rise among self-employed workers, while the rate for employees fell 0.3 points. These are national-accounts estimates, not a directly observed tally of registered production.
Data
Italy's non-observed economy, 2024
Istat's current-price national-accounts estimates distinguish the underground economy, illegal activities and irregular employment.
- Non-observed economy, 2024 current prices
- 218.229 billion EUR
- 2024 · Estimate
- Non-observed economy as a share of GDP, 2024
- 9.9 percent
- 2024 · Estimate
- Underground economy, excluding illegal activities, 2024
- 198.444 billion EUR
- 2024 · Estimate
- Illegal activities, separate component, 2024
- 19.785 billion EUR
- 2024 · Estimate
- Irregular-work rate in agriculture, 2024
- 18.4 percent
- 2024 · Estimate
Methodology
Istat reports current-price value-added and GDP estimates for 2021–2024. The non-observed economy covers market production not directly observed; illegal activities are a separate component and are not included in the underground-economy amount. Agriculture's irregular-work rate is irregular full-time-equivalent labour units as a share of all labour units in the sector.
Updated:
Subjects and places
Subject proposals
- Business enterpriseSuggested
- Preserved editorial category/topic; broad candidate onlywww.istat.it ↗
Geographic references
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- Italy · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.istat.it ↗