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Economies by Informal Economy Size

An informal economy (informal sector or shadow economy) is the part of any economy that is neither offically taxed nor monitored. Read more about the World Economic Informal Economy database.

The table below shows the size of each countries informal economy ranked by largest to smallest.






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Country Global
Rank
Region
Rank
Informal Economy
Revised GDP PPP
($ Billions, 2021)
Informal Economy
% of GDP
Afghanistan 1 1 114.06 72.0%
Zimbabwe 2 1 63.10 64.1%
Nigeria 3 2 1,115.90 57.7%
Haiti 4 1 32.51 55.1%
Bolivia 5 2 94.00 54.8%
Nicaragua 6 3 30.88 52.5%
India 7 2 8,131.53 52.4%
Panama 8 4 98.85 51.6%
Gabon 9 3 33.13 51.6%
Myanmar 10 3 175.84 49.0%
Benin 11 4 31.19 48.8%
Guatemala 12 5 110.34 48.6%
Congo, Dem. Rep 13 5 92.46 48.3%
Tanzania 14 6 134.92 46.7%
Paraguay 15 6 64.82 46.5%
Georgia 16 1 38.76 46.2%
Thailand 17 4 827.87 46.2%
Honduras 18 7 42.21 45.9%
North Macedonia 19 2 22.59 45.3%
Gambia 20 7 3.99 44.3%
Ukraine 21 3 340.44 44.2%
Central African Republic 22 8 3.67 44.0%
Liberia 23 9 6.03 42.6%
Peru 24 8 269.85 42.2%
Eswatini 25 10 6.78 40.9%
Cambodia 26 5 50.48 40.9%
El Salvador 27 9 34.06 40.9%
Moldova 28 4 21.01 40.6%
Cote d'Ivoire 29 11 91.03 40.4%
Congo, Rep. 30 12 16.28 40.1%
Angola 31 13 148.27 39.6%
Armenia 32 5 21.49 39.1%
Guinea 33 14 23.42 38.8%
Zambia 34 15 40.16 38.7%
Senegal 35 16 34.34 37.7%
Belarus 36 6 95.59 37.7%
Sierra Leone 37 17 8.71 37.3%
Ecuador 38 10 103.87 37.2%
Tajikistan 39 6 19.37 37.1%
Azerbaijan 40 7 73.69 36.8%
Comoros 41 18 1.33 36.6%
Niger 42 19 18.87 36.5%
Russia 43 7 2,022.18 36.5%
Burundi 44 20 5.65 36.3%
Madagascar 45 21 25.80 36.2%
Ghana 46 22 97.22 35.6%
Pakistan 47 8 542.14 35.6%
Guinea-Bissau 48 23 2.33 35.5%
Sudan 49 24 120.11 35.5%
Libya 50 25 123.45 35.3%
Egypt 51 26 645.63 34.8%
Chad 52 27 14.82 34.7%
Papua New Guinea 53 9 18.76 34.6%
Turkmenistan 54 10 61.49 34.5%
Uganda 55 28 57.82 34.4%
Mozambique 56 29 20.36 34.3%
Philippines 57 11 434.97 34.1%
Dominican Republic 58 11 94.00 33.9%
Ethiopia 59 30 139.00 33.5%
Burkina Faso 60 31 29.85 33.3%
Colombia 61 12 335.81 33.3%
Brazil 62 13 1,383.36 33.2%
Nepal 63 12 62.14 33.2%
Mali 64 32 28.68 33.2%
Suriname 65 14 4.23 33.0%
Jamaica 66 15 12.76 33.0%
Bosnia and Herzegovina 67 8 22.10 33.0%
Kenya 68 33 131.69 32.6%
Albania 69 9 17.10 31.9%
Kazakhstan 70 13 208.15 31.9%
Uruguay 71 16 35.49 31.7%
Morocco 72 34 117.25 31.7%
Cabo Verde 73 35 1.50 31.7%
Trinidad and Tobago 74 17 14.33 31.6%
Lebanon 75 1 28.96 31.4%
Rwanda 76 36 13.88 31.3%
Mauritania 77 37 13.18 31.3%
Serbia 78 10 59.39 31.3%
Turkey 79 2 1,088.03 31.2%
Sri Lanka 80 14 130.63 31.1%
Lesotho 81 38 2.39 30.9%
Kyrgyzstan 82 15 14.60 30.8%
Malawi 83 39 14.17 30.6%
Tunisia 84 40 49.57 30.4%
Bangladesh 85 16 350.40 30.2%
Bahamas, The 86 18 5.25 30.2%
Brunei Darussalam 87 17 11.93 30.1%
Cameroon 88 41 50.71 29.9%
Croatia 89 11 46.23 29.5%
Togo 90 42 9.73 29.5%
Mexico 91 19 949.47 29.2%
Guyana 92 20 7.16 29.1%
South Africa 93 43 324.98 28.8%
Bulgaria 94 12 57.16 27.7%
Malta 95 13 7.97 27.7%
Yemen, Rep. 96 3 16.03 27.3%
Argentina 97 21 374.24 27.3%
Laos 98 18 22.20 27.2%
Uzbekistan 99 19 93.28 27.2%
Cyprus 100 14 12.61 27.1%
Greece 101 15 107.13 26.9%
Botswana 102 44 16.85 26.7%
Costa Rica 103 22 36.74 26.6%
Malaysia 104 20 317.08 25.3%
Latvia 105 16 18.62 24.9%
Namibia 106 45 8.43 24.7%
Romania 107 17 173.43 23.8%
Slovenia 108 18 24.82 23.8%
Italy 109 19 726.28 23.7%
Hungary 110 20 93.30 23.3%
Saudi Arabia 111 4 506.15 22.8%
Bhutan 112 21 2.76 22.8%
Korea, Rep. 113 22 635.76 22.7%
Indonesia 114 23 1,025.91 22.7%
Estonia 115 21 14.00 22.5%
Taiwan 116 24 382.39 22.5%
Poland 117 22 355.68 22.4%
Lithuania 118 23 28.59 21.6%
Spain 119 24 466.01 21.3%
Israel 120 5 97.87 20.8%
Vietnam 121 25 229.95 20.5%
Mauritius 122 46 6.28 20.4%
United Arab Emirates 123 6 157.31 20.4%
Portugal 124 25 84.32 20.3%
Kuwait 125 7 53.27 20.1%
Oman 126 8 41.47 19.8%
Chile 127 23 114.69 19.3%
Belgium 128 26 136.90 19.2%
Algeria 129 47 100.02 17.4%
Bahrain 130 9 16.59 17.2%
Jordan 131 10 21.49 16.9%
Qatar 132 11 52.90 16.5%
Norway 133 27 64.51 15.7%
Denmark 134 28 59.38 15.2%
Mongolia 135 26 7.74 15.1%
Slovak Republic 136 29 29.15 14.8%
Finland 137 30 45.06 14.6%
Czech Republic 138 31 70.60 14.5%
Iceland 139 32 3.17 13.9%
Sweden 140 33 86.07 13.7%
Hong Kong 141 27 69.10 13.6%
France 142 34 451.86 13.1%
China 143 28 3,846.83 12.7%
Ireland 144 35 70.98 12.3%
Germany 145 36 547.68 11.2%
Canada 146 24 228.14 11.2%
Singapore 147 29 65.60 10.4%
United Kingdom 148 37 350.27 10.3%
Netherlands 149 38 109.49 10.0%
New Zealand 150 30 25.28 10.0%
Australia 151 31 142.52 9.9%
Luxembourg 152 39 8.25 9.9%
Japan 153 32 541.44 9.6%
Austria 154 40 45.71 8.7%
Switzerland 155 41 49.66 7.5%
United States 156 25 1,644.12 7.3%


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