Informal Economy

The informal sector or informal economy is that part of an economy that is not taxed, monitored by any form of government, or included in any gross national product (GNP), unlike the formal economy.

Other terms used to refer to the informal sector can include the black market, the shadow economy, the underground economy and System D. Associated idioms include under the table and "off the books".

Read more about Informal Economy:  Definition, History, Statistics, Gender, Issues From Within, Expansion, Poverty, Possible Improvements, Informal Housing, Informal Housing in Developing Countries

Other articles related to "informal, economy, informal economy":

Black Market - Background
... offered a plethora of appellations including subterranean hidden grey shadow informal clandestine illegal unobserved unreported unrecorded second parallel and black ... There is no single underground economy there are many ... specific underground economies can be identified criminal acts the illegal economy the unreported economy the unrecorded economy the informal economy The "illegal ...
Informal Sector - Statistics - Estimated Size of Countries' Informal Economy
... The table below shows the estimated values of the size of the informal economy in 110 developing, transition and OECD countries ... 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% ... Country Informal economy (billions of current USD) 2000 Informal economy in % of GNP 1999/2000 Georgia 2.1 67.3 Bolivia 5.4 67.1 Panama 6.0 64.1 ...
Informal Economy - Informal Housing in Developing Countries
... proportion of the population resorting to informal housing ... similar economic opportunity, they are prime candidates for informal housing options ... Many cities in the developing world are currently experiencing a rapid increase in informal housing, driven by mass migration to cities in search of employment, or fleeing from war or environmental disaster ...
World Confederation Of Labour - Areas of Activity - Informal Economy
... Workers in a society's informal economy — 60 to 90% of the active work population of Africa, according to the ILO — function outside of regulatory and government oversight ... and provide relief to workers in need, including a recycling program for informal economy workers in Brazil ...

Famous quotes containing the words economy and/or informal:

    Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.
    Friedrich Nietzsche (1844–1900)

    We are now a nation of people in daily contact with strangers. Thanks to mass transportation, school administrators and teachers often live many miles from the neighborhood schoolhouse. They are no longer in daily informal contact with parents, ministers, and other institution leaders . . . [and are] no longer a natural extension of parental authority.
    James P. Comer (20th century)