A report has emerged that between 51-60% of the TRNC’s GDP, was “black economy”.
According to a report on the black economy in the TRNC, prepared by the Turkish Cypriot Chamber of Commerce, the “unregistered national income” is estimated between 22% and 29% of the official income.
The research showed that 52% of the unregistered workers are TRNC citizens and 48% are foreigners. 27.6% of the illegal workers are self-employed and 12.6% work for an employer. It also said that 19% of public sector workers hold an unregistered second job.
The percentage of unregistered employees in the North has been found to be 20.8% of the total number of the employees, which means that one out of five persons work illegally in the TRNC.
