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Associated Press
Sweden Maps Value of Illegal Purchases
04.01.2005, 10:12 AM
Swedes spend about 5.5 billion kronor (euro600 million; US$780 million) a year on illegal drugs, prostitutes and black-market alcohol and tobacco, the country's statistics agency said Friday.
The estimate was produced by Statistics Sweden at the request of Eurostat, the European Union's statistics office, as part of an effort to get an overview of the economic value of such transactions in the different EU countries. Some EU countries already include these figures in their gross domestic product, but Sweden does not.
If the value of Swedes' most common illegal purchases were to be included in official economic data, it would increase the country's GDP by about 3.7 billion kronor (euro403 million; US$526 million), or 0.15 percent, Statistics Sweden said. The Scandinavian country's GDP was 2.54 trillion kronor (euro277 billion; US$361 billion) in 2004.
According to the estimate, which Statistics Sweden noted was "very uncertain," Swedes annually spend about 2.3 billion kronor (euro250 million, US$326 million) on drugs and 1.7 billion kronor (euro185 million; US$241 million) on smuggled alcohol a year. Moonshine, or home-distilled alcohol, annually sells for 700 million kronor (euro76 million; US$99 million), while 600 million kronor (euro65 million; US$85 million) are spent on prostitutes. An additional 200 million kronor (euro22 million; US$28 million) is spent on smuggled cigarettes, the statistics agency said.
Sweden has about 9 million residents.
Associated Press
Sweden Maps Value of Illegal Purchases
04.01.2005, 10:12 AM
Swedes spend about 5.5 billion kronor (euro600 million; US$780 million) a year on illegal drugs, prostitutes and black-market alcohol and tobacco, the country's statistics agency said Friday.
The estimate was produced by Statistics Sweden at the request of Eurostat, the European Union's statistics office, as part of an effort to get an overview of the economic value of such transactions in the different EU countries. Some EU countries already include these figures in their gross domestic product, but Sweden does not.
If the value of Swedes' most common illegal purchases were to be included in official economic data, it would increase the country's GDP by about 3.7 billion kronor (euro403 million; US$526 million), or 0.15 percent, Statistics Sweden said. The Scandinavian country's GDP was 2.54 trillion kronor (euro277 billion; US$361 billion) in 2004.
According to the estimate, which Statistics Sweden noted was "very uncertain," Swedes annually spend about 2.3 billion kronor (euro250 million, US$326 million) on drugs and 1.7 billion kronor (euro185 million; US$241 million) on smuggled alcohol a year. Moonshine, or home-distilled alcohol, annually sells for 700 million kronor (euro76 million; US$99 million), while 600 million kronor (euro65 million; US$85 million) are spent on prostitutes. An additional 200 million kronor (euro22 million; US$28 million) is spent on smuggled cigarettes, the statistics agency said.
Sweden has about 9 million residents.
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