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Countries with the largest black markets in the world

In this ranking we order the countries according to the approximate value of their black market. We also include the value of the black market with respect to GDP, since due to the large size of the great powers will always tend to come out at the top.

black marketunderground economy, or shadow economy is a clandestine market or transaction that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the illegal economy. Examples include the drug trade, prostitution (where prohibited), illegal currency transactions and human trafficking. Violations of the tax code involving income tax evasion constitutes membership in the unreported economy

The dubious honor of the first place is for the United States, although as he commented it is due in large part to the large volume of its economy, since it only represents 3.37% of its GDP . So excluding the United States and China, the three countries with a large black market, both in absolute data and as a percentage of their GDP are Mexico, Spain and Italy.

Below we present the estimated data of the black market by countries (in billions of dollars and in percentage of GDP).

No. country Black Market * GDP percentage
1 U.S 625,63 3.37%
2 China 261 2.29%
3 Mexico 126.08 11.85%
4 Spain 124.06 9.91%
5 Italy 111.05 5,99%
6 Japan 108.3 2.29%
7 Canada 77.83 5.08%
8 India 68.59 3.05%
9 Reino Unido 61,96 2.34%
10 Russia 49.04 3.87%
11 Germany 39.67 1.14%
12 South Korea 26.2 1.87%
13 Indonesia 23,05 2.45%
14 Philippines 17,27 6.35%
15 Turkey 17,16 2.33%
16 Brazil 17 0.96%
17 Australia 14.62 1.16%
18 Colombia 14.5 3.80%
19 Venezuela 14,19 3.79%
20 Thailand 13.95 3.60%
21 Paraguay 13 45.88%
22 Morocco 12.7 12.08%
23 Iran 10.64 2.91%
24 Guatemala 10.11 18.59%
25 Saudi Arabia 10.1 1.58%
26 France 9.85 0.40%
27 Nigeria 8.4 2.93%
28 Afghanistan 7.3 35.21%
29 Israel 7.05 2.42%
30 Peru 6.7 3.24%
31 Pakistan 6.53 2.74%
32 Irak 5,17 2.25%
33 Bulgaria 4.74 8.94%
34 Hungary 4.6 3.47%
35 Switzerland 4.5 0.68%
36 Ucrania 4.31 2.45%
37 South Africa 3.93 1.12%
38 Greece 3.85 1.59%
39 Egypt 3.79 1.40%
40 Malaysia 2.99 0.96%
41 Ireland 2.98 1.37%
42 Taiwan 2,6 0.53%
43 North Korea 2.24 18.09%
44 Burma 1.7 2.62%
45 Rumania 1.53 0.81%
46 Kuwait 1.41 0.76%
47 United Arab Emirates 1.1 0.28%
48 Argentina 1.06 0.22%
49 Zimbabwe 1 7,72%
50 Kenya 0.945 2.10%
Source: havocscope.com* Data in billions of dollars

Resultado de imagen de countries black market

 

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Countries with the largest black markets in the world

In this ranking we order the countries according to the approximate value of their black market. We also include the value of the black market with respect to GDP, since due to the large size of the great powers will always tend to come out at the top.

black marketunderground economy, or shadow economy is a clandestine market or transaction that has some aspect of illegality or is characterized by some form of noncompliant behavior with an institutional set of rules. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Parties engaging in the production or distribution of prohibited goods and services are members of the illegal economy. Examples include the drug trade, prostitution (where prohibited), illegal currency transactions and human trafficking. Violations of the tax code involving income tax evasion constitutes membership in the unreported economy

The dubious honor of the first place is for the United States, although as he commented it is due in large part to the large volume of its economy, since it only represents 3.37% of its GDP . So excluding the United States and China, the three countries with a large black market, both in absolute data and as a percentage of their GDP are Mexico, Spain and Italy.

Below we present the estimated data of the black market by countries (in billions of dollars and in percentage of GDP).

No. country Black Market * GDP percentage
1 U.S 625,63 3.37%
2 China 261 2.29%
3 Mexico 126.08 11.85%
4 Spain 124.06 9.91%
5 Italy 111.05 5,99%
6 Japan 108.3 2.29%
7 Canada 77.83 5.08%
8 India 68.59 3.05%
9 Reino Unido 61,96 2.34%
10 Russia 49.04 3.87%
11 Germany 39.67 1.14%
12 South Korea 26.2 1.87%
13 Indonesia 23,05 2.45%
14 Philippines 17,27 6.35%
15 Turkey 17,16 2.33%
16 Brazil 17 0.96%
17 Australia 14.62 1.16%
18 Colombia 14.5 3.80%
19 Venezuela 14,19 3.79%
20 Thailand 13.95 3.60%
21 Paraguay 13 45.88%
22 Morocco 12.7 12.08%
23 Iran 10.64 2.91%
24 Guatemala 10.11 18.59%
25 Saudi Arabia 10.1 1.58%
26 France 9.85 0.40%
27 Nigeria 8.4 2.93%
28 Afghanistan 7.3 35.21%
29 Israel 7.05 2.42%
30 Peru 6.7 3.24%
31 Pakistan 6.53 2.74%
32 Irak 5,17 2.25%
33 Bulgaria 4.74 8.94%
34 Hungary 4.6 3.47%
35 Switzerland 4.5 0.68%
36 Ucrania 4.31 2.45%
37 South Africa 3.93 1.12%
38 Greece 3.85 1.59%
39 Egypt 3.79 1.40%
40 Malaysia 2.99 0.96%
41 Ireland 2.98 1.37%
42 Taiwan 2,6 0.53%
43 North Korea 2.24 18.09%
44 Burma 1.7 2.62%
45 Rumania 1.53 0.81%
46 Kuwait 1.41 0.76%
47 United Arab Emirates 1.1 0.28%
48 Argentina 1.06 0.22%
49 Zimbabwe 1 7,72%
50 Kenya 0.945 2.10%
Source: havocscope.com* Data in billions of dollars

Resultado de imagen de countries black market

 





EURO A DOLLAR FORECAST FOR 2018, 2019

Month Open Min Max Fech. M% Total%
2018
January 1.170 1,143-1,177 1.160 -0.9% -2,5%
Feb 1.160 1.160-1.203 1,185 2.2% -0.4%
March 1,185 1,150-1,186 1,168 -1.4% -1.8%
April 1,168 1,141-1,175 1,158 -0.9% -2.7%
May 1,158 1,149-1,183 1,166 0.7% -2.0%
Jun 1,166 1,166-1,219 1,201 3.0% 0.9%
Jul 1,201 1,201-1,239 1,221 1.7% 2.6%
Aug 1,221 1,221-1,277 1,258 3.0% 5.7%
September 1,258 1,258-1,305 1,286 2.2% 8.1%
October 1,286 1,278-1,316 1,297 0.9% 9.0%
November 1,297 1,251-1,297 1.270 -2,1% 6.7%
December 1.270 1.270-1.324 1.304 2.7% 9.6%
2019
January 1.304 1,276-1,314 1.295 -0.7% 8.8%
Feb 1.295 1,237-1,295 1,256 -3.0% 5.5%
March 1,256 1.209-1.256 1,227 -2,3% 3.1%
April 1,227 1.217-1.255 1.236 0.7% 3.9%
May 1.236 1.215-1.253 1.234 -0.2% 3.7%
Jun 1.234 1,222-1,260 1,241 0.6% 4.3%
Jul 1,241 1.219-1.257 1.238 -0.2% 4.0%
Aug 1.238 1,185-1,238 1,203 -2.8% 1.1%
September 1,203 1,193-1,229 1.211 0.7% 1.8%
October 1.211 1.211-1.266 1,247 3.0% 4.8%
November 1,247 1.232-1.270 1,251 0.3% 5.1%
December 1,251 1,229-1,267 1,248 -0.2% 4.9%

Euro dollar image result

The euro represents an alternative to the US dollar for several reasons:

Economic reasons : The euro began trading on January 4, 1999 for the price of US $ 1.1789. On January 27, 2000, he lost parity with the currency for the first time in its history. On July 15, 2008, the euro reached a USD 1.5990 exchange rate, the highest value since its introduction. On the other hand, in December 2006 it displaced the dollar as the currency most used for payment in cash. That month, about 614 billion euros circulated around the world, while dollars totaled 588 billion euros. In addition, we must bear in mind that the euro is the currency of the world’s leading economic power and that the European economy is healthier than the US, which makes the currency safer and stronger than the US dollar. However, after the rejection of the European Constitution by the referendum in France and the Netherlands, and therefore the uncertainty generated in relation to the future of the Union, the euro decelerated and depreciated (despite being above the dollar); state from which it was subsequently recovered. In recent years, due to the European sovereign debt crisis, there have been ups and downs in its change against the dollar.

Political reasons : Some states favor the use of the euro, harming the dollar, because they do not agree with the policy the United States takes on issues such as the international economy or diplomacy, and in many cases does not mean being pro-European, but rather have an anti-American stance. Some examples are Iran, Cuba, Iraq or North Korea.





The euro represents an alternative to the US dollar for several reasons

Economic reasons : The euro began trading on January 4, 1999 for the price of US $ 1.1789. On January 27, 2000, he lost parity with the currency for the first time in its history. On July 15, 2008, the euro reached a USD 1.5990 exchange rate, the highest value since its introduction. On the other hand, in December 2006 it displaced the dollar as the currency most used for payment in cash. That month, about 614 billion euros circulated around the world, while dollars totaled 588 billion euros. In addition, we must bear in mind that the euro is the currency of the world’s leading economic power and that the European economy is healthier than the US, which makes the currency safer and stronger than the US dollar. However, after the rejection of the European Constitution by the referendum in France and the Netherlands, and therefore the uncertainty generated in relation to the future of the Union, the euro decelerated and depreciated (despite being above the dollar); state from which it was subsequently recovered. In recent years, due to the European sovereign debt crisis, there have been ups and downs in its change against the dollar.

Euro dollar image result

Political reasons : Some states favor the use of the euro, harming the dollar, because they do not agree with the policy the United States takes on issues such as the international economy or diplomacy, and in many cases does not mean being pro-European, but rather have an anti-American stance. Some examples are Iran, Cuba, Iraq or North Korea.