"The informal economy, comprising activities that have market value and would add to tax revenue and GDP if they were recorded, is a globally widespread phenomenon. According to the International Labour Organization, about 2 billion workers, or 60 percent of the world’s employed population ages 15 and older, spend at least part of their time in the informal sector. The size of the informal sector slowly decreases as economies develop, but with wide variations across regions and countries."
The article is published in the IMF's Finance & Development magazine and available via the following links in English and Russian languages.
Source: IMF, FINANCE & DEVELOPMENT, DECEMBER 2020
ART: ISTOCK / RASTUDIO