Austria: Black Labor Decreases

Markets ♦ Published: January 8, 2013; 23:21 ♦ (Vindobona)

Since 2004, the size of black labor is declining in Austria. Nine years ago, the share of GDP came at 11%: In 2012, black labor was 7.5% of GDP.

Austria: Black Labor Decreases / Picture: ©

Not only the share of GDP goes down, but also the size in absolute terms. In 2004, the value added of black labor totaled € 23bn. Last year, the figure reached € 19.5bn. Besides the catering and the construction sector, the service sector is most affected. In the construction industry, the size of black labor comes at € 7.5bn. These are the results of a study…