#AceWorldNews – SPAIN – September 26 – Prostitution, drug trafficking and other illegal activities have finally been included in Spain’s gross domestic product, boosting it by 9 billion euros according to the latest statistics.
Latest data from the National Statistics Institute (INE) reveals the drug trade, prostitution, illegal weapon sales and gambling contributed some €9 billion, or 0.87 percent of country’s total GDP in 2013. The new figures show that drug trafficking comprised 0.5 percent of GDP while illegal sex trade made up 0.35 percent of the new total.
Overall, the recalculated figures increased Spain’s GDP by €26.2 billion to €1.05 trillion, reducing country’s debt ratio of 98.9 percent to 96.4 percent, according to the Bank of Spain.
The remaining increase to GDP was generated from the contributions of research and development and military armament.