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 country’s informal economy as a percentage of GDP, ranked by largest to smallest.






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Country Rank
Order		 Informal Economy
(GDP PPP, Billions Int$, 2023)		 Informal Economy
% of GDP		 World Economics
Grade
A-E
Afghanistan 1 125.19 73.6% E
Zimbabwe 2 73.20 64.7% E
Nigeria 3 1,407.72 58.2% E
Haiti 4 31.31 55.5% E
Bolivia 5 117.64 55.0% E
Nicaragua 6 41.51 52.9% E
Gabon 7 51.14 51.8% E
Panama 8 127.87 51.8% E
Benin 9 38.61 49.2% E
Myanmar 10 231.11 49.0% E
Guatemala 11 162.52 48.8% E
Congo, Dem. Rep 12 141.69 48.5% E
Tanzania 13 178.02 47.0% E
Paraguay 14 76.87 46.6% E
Georgia 15 56.96 46.5% E
Thailand 16 1,033.49 46.5% E
Honduras 17 52.00 46.0% E
Central African Republic 18 4.87 44.4% E
Gambia 19 5.88 44.3% E
Ukraine 20 387.99 44.2% E
Liberia 21 6.06 42.7% E
Peru 22 331.31 42.2% E
El Salvador 23 44.21 41.1% E
Eswatini 24 9.00 41.1% E
Cambodia 25 61.89 41.0% E
Moldova 26 22.63 41.0% E
Cote d'Ivoire 27 131.88 40.8% E
Congo, Rep. 28 28.78 40.2% E
Angola 29 200.09 39.7% E
Armenia 30 32.47 39.4% E
Guinea 31 37.21 38.9% E
Zambia 32 49.98 38.8% D
Russia 33 3,064.33 38.2% D
Belarus 34 133.41 37.9% D
India 35 7,767.30 37.9% D
Senegal 36 47.19 37.8% D
Sierra Leone 37 9.84 37.6% D
Ecuador 38 139.13 37.5% D
Tajikistan 39 24.02 37.2% D
Azerbaijan 40 109.92 37.1% D
Niger 41 25.55 36.8% D
Burundi 42 7.47 36.6% D
Comoros 43 1.49 36.6% D
Madagascar 44 32.76 36.5% D
Ghana 45 129.78 35.8% D
Guinea-Bissau 46 2.67 35.7% D
Pakistan 47 702.83 35.7% D
Sudan 48 93.61 35.7% D
Libya 49 63.02 35.3% D
Egypt 50 1,021.61 35.0% D
Papua New Guinea 51 22.64 34.9% D
Turkmenistan 52 45.35 34.8% D
Chad 53 20.02 34.7% D
Uganda 54 70.80 34.5% D
Philippines 55 560.36 34.4% D
Mozambique 56 27.49 34.3% D
Dominican Republic 57 119.61 34.0% D
Ethiopia 58 185.40 33.7% D
Brazil 59 1,773.81 33.5% D
North Macedonia 60 18.98 33.5% D
Colombia 61 438.03 33.4% D
Burkina Faso 62 29.24 33.3% D
Mali 63 36.33 33.3% C
Nepal 64 79.98 33.3% C
Bosnia and Herzegovina 65 28.22 33.2% C
Jamaica 66 14.01 33.1% C
Suriname 67 5.44 33.1% C
Kenya 68 155.04 32.8% C
Albania 69 21.41 32.5% C
Kazakhstan 70 300.20 32.1% C
Uruguay 71 46.74 32.0% C
Morocco 72 141.37 31.8% C
Lebanon 73 26.71 31.6% C
Mauritania 74 15.01 31.6% C
Rwanda 75 19.51 31.4% C
Serbia 76 73.13 31.4% C
Türkiye 77 1,218.08 31.4% C
Kyrgyzstan 78 17.85 31.1% C
Sri Lanka 79 126.98 31.1% C
Lesotho 80 2.82 31.0% C
Malawi 81 15.80 30.8% C
Tunisia 82 61.19 30.6% C
Bahamas, The 83 6.02 30.3% C
Bangladesh 84 609.84 30.3% C
Cameroon 85 61.57 30.1% C
Argentina 86 532.22 30.0% C
Croatia 87 60.92 29.8% C
Togo 88 11.30 29.7% C
Mexico 89 1,153.97 29.4% C
Guyana 90 30.48 29.3% C
South Africa 91 370.95 29.0% C
Bulgaria 92 76.85 28.0% B
Malta 93 11.20 27.8% B
Laos 94 25.34 27.4% B
Yemen, Rep. 95 16.34 27.4% B
Cyprus 96 16.38 27.3% B
Uzbekistan 97 111.71 27.3% B
Greece 98 129.87 27.1% B
Costa Rica 99 45.82 26.8% B
Botswana 100 18.12 26.7% B
Malaysia 101 403.78 25.3% B
Latvia 102 22.46 25.1% B
Namibia 103 10.87 24.7% B
Italy 104 920.83 24.0% B
Slovenia 105 30.40 24.0% B
Romania 106 229.15 23.8% B
Hungary 107 113.06 23.5% B
Bhutan 108 4.12 22.9% B
Korea, Rep. 109 736.83 22.9% B
Saudi Arabia 110 608.46 22.9% B
Indonesia 111 1,261.07 22.6% B
Estonia 112 15.84 22.5% B
Poland 113 445.15 22.5% B
Taiwan 114 352.32 22.4% B
Lithuania 115 35.26 21.8% B
Spain 116 587.91 21.5% B
Israel 117 120.31 21.0% B
Mauritius 118 8.43 20.6% B
Vietnam 119 393.52 20.6% B
United Arab Emirates 120 179.04 20.5% B
Portugal 121 108.45 20.4% B
Kuwait 122 62.30 20.3% B
Oman 123 47.25 19.9% A
Chile 124 136.00 19.5% A
Belgium 125 173.29 19.3% A
Algeria 126 126.24 17.5% A
Bahrain 127 20.32 17.3% A
Jordan 128 23.17 17.0% A
Qatar 129 64.35 16.7% A
Norway 130 89.36 15.8% A
Denmark 131 75.57 15.3% A
Mongolia 132 10.96 15.2% A
Slovak Republic 133 36.30 14.9% A
Finland 134 54.39 14.7% A
Czechia 135 86.17 14.5% A
Iceland 136 4.08 13.9% A
Hong Kong 137 75.97 13.7% A
Sweden 138 104.75 13.6% A
France 139 563.73 13.2% A
China 140 4,965.28 12.7% A
Ireland 141 85.63 12.4% A
Canada 142 279.99 11.3% A
Germany 143 651.86 11.2% A
Singapore 144 85.43 10.5% A
New Zealand 145 28.58 10.1% A
United Kingdom 146 412.34 10.1% A
Luxembourg 147 9.74 10.0% A
Netherlands 148 136.65 10.0% A
Australia 149 171.16 9.9% A
Japan 150 603.52 9.6% A
Austria 151 56.69 8.8% A
Switzerland 152 59.24 7.5% A
United States 153 1,882.72 7.2% A


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Category definitions:
         A: Very good
         B: Good
         C: Average
         D: Poor
         E: Very poor






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