Close X
Wednesday, December 4, 2024
ADVT 
National

Statistics Canada Says Underground Economy Totalled $45.6 Billion In 2013

Darpan News Desk The Canadian Press, 20 Jun, 2016 12:31 PM
    OTTAWA — Statistics Canada says the underground economy totalled $45.6 billion in Canada in 2013, or about 2.4 per cent of gross domestic product.
     
    The federal agency says more than half of the total can be attributed to three industries.
     
    The largest, residential construction, accounted four 27.8 per cent, while retail trade accounted for 12.5 per cent and accommodation and food services 11.7 per cent.
     
    Overall, underground activities related to household spending amounted to $2,156 per household in 2013.
     
    Statistics Canada added that the underground economy as a proportion of GDP was relatively stable in every province and territory in 2013.
     
    The agency defined the underground economy as market-based economic activities, whether legal or illegal, that escaped measurement because of their hidden, illegal or informal nature. It excluded some illegal activities, such as those related to illegal drugs and prostitution.

    MORE National ARTICLES

    Justin Trudeau Says 'Reason To Believe' Canadian Hostage Killed In The Philippines

    Justin Trudeau Says 'Reason To Believe' Canadian Hostage Killed In The Philippines
    OTTAWA — Canada is mourning with the family of a Canadian man killed by a militant group in the Philippines, Prime Minister Justin Trudeau said today.

    Justin Trudeau Says 'Reason To Believe' Canadian Hostage Killed In The Philippines

    Sentencing Date To Be Set For Parents Of Toddler Who Died Of Meningitis

    David and Collet Stephan, whose family helped start a nutritional supplements company, were convicted by a jury in April in the 2012  death of 19-month-old Ezekiel.

    Sentencing Date To Be Set For Parents Of Toddler Who Died Of Meningitis

    Challenging Search In B.C.'s Jervis Inlet Ends With Recovery Of Teen's Body

    Challenging Search In B.C.'s Jervis Inlet Ends With Recovery Of Teen's Body
    Searchers using sonar located the body of the 16-year-old on Friday, two days after he fell into the water. 

    Challenging Search In B.C.'s Jervis Inlet Ends With Recovery Of Teen's Body

    B.C.'s Youth Representative Wants Inquest Into Police-involved Shooting Death

    B.C.'s Youth Representative Wants Inquest Into Police-involved Shooting Death
    VICTORIA — British Columbia's representative for children and youth is calling for an inquest into the police-involved shooting death of a young Victoria man.

    B.C.'s Youth Representative Wants Inquest Into Police-involved Shooting Death

    Canadian Golf Legend Sandra Post: Brooke Henderson Is Fearless, Just Like Her

    Canadian Golf Legend Sandra Post: Brooke Henderson Is Fearless, Just Like Her
    It's been 48 years since a Canadian last won an LPGA major championship, but the similarities between Brooke Henderson and Sandra Post are hard to miss.

    Canadian Golf Legend Sandra Post: Brooke Henderson Is Fearless, Just Like Her

    Peter MacKay Says He Regrets Failure To Buy New Fighter Planes

    MacKay says new planes are badly needed and the F-35 is the right choice.

    Peter MacKay Says He Regrets Failure To Buy New Fighter Planes