There are USD 5.6 Trillion in Offshore Zones Around the World

World | December 21, 2017, Thursday // 11:08| Views: | Comments: 0
  • Send to Kindle
Bulgaria: There are USD 5.6 Trillion in Offshore Zones Around the World pixabay.com

The US National Bureau of Economic Research (NBER) estimated that about $ 5.6 trillion were held in offshore zones around the world. These are 8% of all capital or 10% of the world's gross domestic product (GDP). The ranking of global regions for offshore funds is led by the Gulf countries. Secondly, there are Latin American countries, where authoritarian regimes hide offshore national wealth. Russia ranks third in the ranking. The richest Russians hold 60% of their country's GDP in the free zones, which is about 1 trillion dollars. The least money in offshore areas holds the Scandinavian countries - only 2% of their GDP. The rich in Central and Eastern Europe hold offshore 15% of GDP.

World » Be a reporter: Write and send your article
Tags: offshore, zones, accounts
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria