Abstract: The authors explored the shadowing of economy as a phenomenon and a process in conjunction with competitiveness of the national economy. The article shows that the shadowing is tightly linked to competitiveness of the national economy. Modern symptoms of the shadowing of the Ukrainian economy have been identified. The authors analyzed shadowing levels in Ukraine, Poland, Argentina, Canada.
Key words: competitiveness, competitiveness of the national economy, shadow economy, shadowing of economy.