01.03.07. Prevalence of the informal economy | New Zealand

01.03.07. Prevalence of the informal economy | New Zealand

14 Sep 2022

The informal economy is defined by the International Labour Organisation (ILO) as referring to all economic activities that are – in law or in practice – not covered or sufficiently covered by formal arrangements. New Zealand’s shadow economy was estimated at ~9% of GDP in 2015 and has been trending downward since 2010 (The Global Economy, n.d.).

References:

The Global Economy. (n.d.). New Zealand: Shadow economy. The Global Economy website. Available from: https://www.theglobaleconomy.com/New-Zealand/shadow_economy/.