The unobserved economy and the Dutch national accounts after the benchmark revision 2015

Brugt Kazemier (), Michel van Veen and IJmker Sander
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Michel van Veen: Centraal Bureau voor de Statistiek, The Hague, Netherlands
IJmker Sander: Centraal Bureau voor de Statistiek, The Hague, Netherlands

Central European Economic Journal, 2019, vol. 6, issue 53, 1-24

Abstract: In 2018, Statistics Netherlands carried out a general benchmark revision of their national accounts statistics. The base year was 2015. Special attention was paid to the exhaustiveness of the estimates. Among other, these include estimates for illegal activities and tax evasion. In the first step, the main (illegal and off the record) activities that were not included in the regular data sources underlying the national accounts were identified. In the second step, estimates were made for each identified activity, based on the scarce information data sources available, supplemented with assumptions. This paper describes the second step. The value added of illegal activities in 2015 was estimated at 4.8 billion euros, which is 0.7% of gross domestic product (GDP). The explicit adjustment for tax evasion was about 3.9 billion euros, which is slightly

Keywords: national accounts; illegal activities; tax evasion; underground economy (search for similar items in EconPapers)
JEL-codes: E01 E26 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ceuecj:v:6:y:2019:i:53:p:1-24:n:1

DOI: 10.2478/ceej-2019-0002

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