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The informal economy, comprising activities that have market value and would add to tax revenue and GDP if they were recorded, is a globally widespread phenomenon. According to the International Labour Organization, about 2 billion workers, or 60 percent of the world’s employed population ages 15 and older, spend at least part of their time ...
- Five Things to Know about the Informal Economy - IMF
Some 60 percent of the world’s population participates in...
- Corinne Deléchat and Leandro Medina - IMF
THE INFORMAL ECONOMY, comprising activities that have market...
- Five Things to Know about the Informal Economy - IMF
An informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is sometimes stigmatized as troublesome and unmanageable.
The informal sector is part of a country’s economy that is not recognized as a normal income source. It includes illegal and legal activities, such as drug dealing, street vending, and unpaid work. Learn about its features, causes, and effects on GDP and society.
The informal economy consists of economic activities not covered by formal arrangements, while the informal sector is a subset of unincorporated enterprises. Informal employment is a job without legal or social protection. See operational criteria and examples.
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Learn about the informal sector, a term that refers to economic activities outside of regulated and protected labor relations. Explore different theoretical frameworks, policy interventions, and social themes related to the informal sector in various contexts.
