Peculiarities of Shadow Economy in Crisis Conditions in Ukraine

The article contains an analysis of the shadow economy at the time of quarantine restrictions and of Russia’s full-scale invasion of Ukraine using statistical, analytical and functional methods of scientific research. The aim of the study is to generalize the theoretical and methodological aspects of the shadow economy, to study the current state of shadow economy escalation in the conditions of quarantine restrictions and Russia’s full-scale invasion of Ukraine, and to systematize possible ways of legalizing the economy. Such a socio-economic process as the shadow economy, represents a number of shifts in the state budget structure, in particular regarding the indicator of tax revenues. In the conditions of crisis, the shadow economy can become both a driving force for balancing the economy and a threat, not only economic, but also a social one. In this article, this issue will be considered in more detail. Therefore, the dynamics of changes in the shadow economy has been considered both according to certain methods of assessing its level to the official GDP volume, and also by various economic sectors during the quarantine restrictions according to the data of the Ministry of the Economy of Ukraine. A diagram of the shadow economy factors was also developed and possible effective changes were pro-posed to overcome them, from which it is clear that the shadow economy needs not only a perfect assessment and specific data for its analysis, but also improvement of the management system, quality of public services and the readiness of people to come out of the “shadow”.