Journal Article

Measuring Underground Economy Can Be Done, but It Is Difficult

Abstract: There are at least two main ways to measure "the informal sector" of an economy, both of which entail difficulties. The effort is needed, however, because the underground economy accounts for about 13 percent of GDP in developed countries and almost three times that in developing countries.

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2015

Issue: Jan

Order Number: 1-2