25 Feb, 2017 @ 09:01
1 min read

This province in southern Spain has the most ‘black money’ in the country

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ALMERIA: One of the lesser visited coasts but still worth a look-in

almeriaaaALMERIA has the highest proportion of ‘black money’ in the country.

For the last five years the sun-baked province has been at the top of the underground economy rankings, the Ministry of Finance revealed.

Some 32% of the economy in Almeria is based on undeclared or illegal financial transactions.

The GDP of the province is about €13,000 million, meaning that the black market in Almeria represents over €4 million per year.

The industries which see the most illegal trading are agriculture, construction and hospitality.

 

 

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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