December 16 (SeeNews) - The Global Financial Integrity (GFI), a research and advisory organisation, said on Tuesday that an average of $14.39 billion (11.5 billion euro) in illicit capital flow out of the economies of Southeast Europe (SEE) annually.
Among the SEE states, illicit financial flows are biggest in Serbia, at an average $4.57 billion annually, a GFI study covering the 2003-2012 period found out.
On the opposite end of the table, Bosnia and Herzegovina sees average annual illicit financial flows of $19 million.
Details follow:
Rank |
Country |
Average annual illicit financial flows (in $ millions) |
19 |
Serbia |
4,566 |
26 |
Turkey |
3,560 |
33 |
Bulgaria |
2,535 |
49 |
Croatia |
1,499 |
58 |
Romania |
1,034 |
79 |
Macedonia |
521 |
95 |
Montenegro |
294 |
103 |
Moldova |
232 |
115 |
Albania |
128 |
139 |
Bosnia and Herzegovina |
19 |
The study tracks illegal capital flows in 151 developing and emerging countries.
($=0.8009 euro)