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Thu Jun 12, 2014, 12:35 PM

Drugs and sex trade to boost Spain's GDP

Spain is soon to start including estimated revenues from drug trafficking and the sex trade when calculating its gross domestic product (GDP), a move expected to boost economic results, officials said on Thursday.

Spain's gross domestic product could jump from anywhere between 2.7 percent and 4.5 percent using the new calculations, the country's national stats institute (INE) said in a statement.

Illegal activities such as drug trafficking and the sex trade could raise national GDP by anywhere from 1.5 percent to 3 percent, the INE added.

The remaining boost to GDP would come from the contributions of research and development and military armament.

http://www.thelocal.es/20140612/drugs-and-prostitution-boost-spains-growth

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