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Measuring the Informal Economy
Author:
Mr. Gabriel Quiros-Romero
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Mr. Thomas F Alexander
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, and
Ms. Jennifer Ribarsky
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Series:
Policy Papers
Volume/Issue:
Volume 2021: Issue 002
Language:
English
Publication Date:
02 Feb 2021
DOI:
https://doi.org/10.5089/9781513568249.007
ISBN:
9781513568249
ISSN:
2663-3493
Pages:
38
Keywords:
PP; enterprise survey; household enterprise; registration record; enterprise unit; food establishment; construction company; Informal economy; Informal employment; Income; Employment; Global
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This paper proposes a framework for measuring the informal economy that is consistent with internationally agreed concepts and methodology for measuring GDP. Based on the proposed framework, the informal economy “comprises production of informal sector units, production of goods for own final use, production of domestic workers, and production generated by informal employment in formal enterprises.” This proposed framework will facilitate preparation of estimates of the informal economy as a component of GDP.
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Cover Policy Papers
Policy Papers
ISSN:
2663-3493
Publisher:
International Monetary Fund
Volume 2021: Issue 002