#OnChainInsights Around 2.24 million people live in the Canary Islands and the gross domestic product (GDP) per capita in 2021 was around 18,990 euros, with around 40% of GDP dependent on the tourism sector.

The informal economy in the Canary Islands comprises undeclared and illegal economic activities, which account for around 17.9% of GDP and amount to over 8 billion euros annually.

The informal economy means that business is carried out without paying taxes through loopholes and criminals also launder their money.

#LitecoinETF #Canary #ETFlisting #Breakingnews #LTC

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Emma Nickels

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