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

Author

Listed:
  • Kazemier Brugt
  • van Veen Michel
  • IJmker Sander

    (Centraal Bureau voor de Statistiek, The Hague, Netherlands)

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

Suggested Citation

  • Kazemier Brugt & van Veen Michel & IJmker Sander, 2019. "The unobserved economy and the Dutch national accounts after the benchmark revision 2015," Central European Economic Journal, Sciendo, vol. 6(53), pages 1-24, January.
    • Handle: RePEc:vrs:ceuecj:v:6:y:2019:i:53:p:1-24:n:1
    DOI: 10.2478/ceej-2019-0002
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    References listed on IDEAS

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    1. Brugt Kazemier & Arjan Bruil & Annemieke van de Steeg & Marieke Rensman, 2013. "The Contribution of Illegal Activities to National Income in the Netherlands," Public Finance Review, , vol. 41(5), pages 544-577, September.
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    3. Simon Kuznets & Lillian Epstein & Elizabeth Jenks, 1946. "National Income and Its Composition, 1919-1938, Volume II," NBER Books, National Bureau of Economic Research, Inc, number kuzn41-3, March.
    4. Edgar L. Feige, 1979. "How Big Is the Irregular Economy?," Challenge, Taylor & Francis Journals, vol. 22(5), pages 5-13, November.
    5. van Eck, Robert & Kazemier, Brugt, 1988. "Features of the Hidden Economy in the Netherlands," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 34(3), pages 251-273, September.
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    7. Brugt Kazemier, 2014. "Hidden workers and the hidden worker potential in the Netherlands," Economic Analysis and Policy, Elsevier, vol. 44(1), pages 39-50.
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    More about this item

    Keywords

    national accounts; illegal activities; tax evasion; underground economy;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy

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