The informal sector

Posted on Posted in economical, reports and rankings

[pdf_attachment file=”1″ name=”Informal Sector”]
Toggle The informal sectoris Street traders and street vendors; Itinerant or seasonal or temporary job workers on building sites or road work; and those in between the streets and home and is therefore hard to quantify and report, however the above report is a close look into the estimates of the size of the informal economy in 110 developing, transition and OECD countries are presented.

Excerpt: The average size of the informal economy, as a percent of official GNI in the year 2000, in developing countries is 41%, in transition countries 38% and in OECD countries 18%. A large burden of taxation and social security contributions combined with government regulations are the main determinants of the size of the informal economy

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