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Now that European Union countries are required by law to keep tabs on illegal activities as part of their economic indicators, we decided to look at some select European countries more closely. But hey, whatever floats your boat—or boosts your GDP. Their contribution to GDP is probably counted several times then.
Perhaps this is one of the reasons why a whopping , people left Spain last year, most of them to Latin America, according to the national statistics agency. This compares similarly to the UK where Britons, according to its own statistics agency, spent And you probably thought Britons were heavy drinkers.
Turns out they enjoy hookers and blow even more. On the more uptight and conservative spectrum of Europeans, Slovenian households spent million euros last year on prostitutes and drugs, or 0. This is the sign of the times. Funny thing, they also report that total real GDP growth in the year they started counting illegal activities was just 0.
In other words, illegal activities are now the difference between economic growth and economic recession in Europe. Simon Black is an international investor, entrepreneur, and founder of Sovereign Man. His free daily e-letter Notes from the Field is about using the experiences from his life and travels to help you achieve more freedom, make more money, keep more of it, and protect it all from bankrupt governments.
Simon Black. October 7, Santiago, Chile Now that European Union countries are required by law to keep tabs on illegal activities as part of their economic indicators, we decided to look at some select European countries more closely.