Economy and Social Affairs: Shadow Economy in the Automotive Sector: - Aschaffenburg

The shadow economy in Germany is causing massive economic damage. According to a study by the Institute of German Economy (IW), the German state alone suffered from undeclared work of EUR 615 million in 2023 – with a significantly higher dark figure. Overall, the shadow economy accounts for 11.3% of German GDP, equivalent to EUR 481 billion. Particularly affected is the automotive sector, where illegal business practices are...