Daily Archives: September 1, 2011

The Global Drug Trade (HUM415)

Here’s some further information on the global market in illegal drugs from Peter:

In 2003, the UN found that the illegal drug trade generated an estimated 321.6 billion dollars ( the latest year that the information is available). It constitues 0.9% of the world’s GDP, which is higher than 88% of countries in the world in the same year. The bulk of the money (214 billion) was sold at the street level.

Most of the buying was done in America (44%) followed by Europe (33%), with last place being held by Africa (4%)

Source:http://www.boston.com/news/world/europe/articles/2005/06/30/un_report_puts_worlds_illicit_drug_trade_at_estimated_321b/