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Armenia's Informal Economy Size

INFORMAL ECONOMY SIZE AS A PERCENTAGE OF GDP (%)

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

The size of Armenia's informal economy is estimated to be 36.8% which represents approximately $32 billion at GDP PPP levels.

Armenia's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries.

Data source: Quarterly Informal Economy Survey (QIES) by World Economics, London


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Informal Econony Size (% of GDP): Latest Data World Economics GDP
Data Quality Rating
(A-E)



Afghanistan 		73.5% E
Zimbabwe 		60.1% D
Nigeria 		55.3% D
Myanmar 		50.1% E
Central African Republic 		49.9% E
Benin 		49.1% C
Haiti 		48.7% E
Bolivia 		47.2% E
Congo, Dem. Rep 		46.9% E
Nicaragua 		46.3% D
Georgia 		46.1% C
Cambodia 		45.5% E
Niger 		45.0% D
Tanzania 		45.0% C
Burkina Faso 		44.7% D
Guatemala 		43.7% C
Peru 		43.2% D
Gambia 		43.1% C
Gabon 		42.3% E
Madagascar 		42.1% E
Azerbaijan 		42.0% C
Paraguay 		41.8% C
Liberia 		41.5% E
Chad 		41.2% E
Honduras 		41.0% E
Congo, Rep. 		40.5% E
Sudan 		40.2% E
Panama 		40.0% C
Comoros 		39.9% C
Burundi 		39.6% E
Sierra Leone 		39.4% D
Ukraine 		39.4% C
Thailand 		38.6% C
Tajikistan 		38.3% D
Zambia 		38.0% D
Angola 		37.7% E
Ethiopia 		37.2% E
Guinea-Bissau 		37.0% E
Armenia 		36.8% B
Mozambique 		36.2% D
Guinea 		36.1% E
Senegal 		35.9% C
Uruguay 		35.6% C
Kenya 		35.4% C
Cote d'Ivoire 		35.3% C
Eswatini 		35.3% D
Ghana 		35.0% C
Mali 		34.8% E
Malawi 		34.0% C
North Macedonia 		34.0% B
El Salvador 		33.8% C
Suriname 		33.8% C
Moldova 		33.6% B
Pakistan 		33.5% D
Turkmenistan 		33.5% D
Belarus 		33.1% C
Uganda 		33.1% C
Kazakhstan 		32.8% C
Papua New Guinea 		32.7% E
Ecuador 		32.5% C
Philippines 		32.5% C
Jamaica 		32.3% D
Sri Lanka 		32.2% C
Lesotho 		32.0% C
Togo 		31.8% C
Cameroon 		31.7% C
Tunisia 		31.6% C
Serbia 		31.3% C
Nepal 		31.1% E
Cabo Verde 		31.0% C
Bosnia and Herzegovina 		30.7% C
Kyrgyzstan 		30.7% C
Albania 		29.8% C
Brazil 		29.8% B
Uzbekistan 		29.7% C
Rwanda 		29.5% C
Libya 		28.8% E
Lebanon 		28.7% C
Botswana 		28.6% C
Bangladesh 		28.3% C
Mexico 		28.3% C
Colombia 		28.1% B
Laos 		28.1% E
Algeria 		27.9% C
Dominican Republic 		27.6% B
Morocco 		27.6% B
Bhutan 		27.4% E
Mauritania 		27.4% D
Egypt 		27.1% D
Argentina 		26.9% C
India 		26.7% B
Türkiye 		26.5% C
Bulgaria 		25.6% B
Namibia 		25.6% C
Yemen, Rep. 		25.6% E
Romania 		25.5% B
Trinidad and Tobago 		25.4% C
Russia 		25.2% C
Guyana 		24.5% D
Malaysia 		24.5% B
South Africa 		24.4% C
Costa Rica 		24.2% B
Croatia 		24.1% B
Indonesia 		23.7% C
Brunei 		23.5% C
Malta 		23.1% B
Vietnam 		22.9% D
Bahamas, The 		22.6% C
Hungary 		21.1% B
Greece 		20.9% B
Mauritius 		20.0% B
Korea, Rep. 		19.9% A
Taiwan 		19.8% A
Poland 		19.5% A
Estonia 		19.3% A
Lithuania 		19.0% A
Cyprus 		18.8% B
Chile 		18.5% B
Slovenia 		18.5% A
Latvia 		18.4% A
United Arab Emirates 		18.4% B
Italy 		18.0% A
Saudi Arabia 		17.6% B
Spain 		17.2% A
Mongolia 		16.6% B
Belgium 		15.4% A
Jordan 		15.4% B
Kuwait 		15.4% C
Oman 		15.1% B
Israel 		14.9% A
Hong Kong 		14.7% B
Portugal 		14.5% A
Slovak Republic 		13.9% A
Czechia 		13.8% A
Bahrain 		12.9% C
France 		12.9% A
Qatar 		12.6% B
China 		12.1% C
Norway 		11.3% A
Finland 		10.9% A
Australia 		10.5% A
Sweden 		10.4% A
Iceland 		10.1% A
Ireland 		9.9% A
Germany 		9.5% A
Canada 		9.4% A
Japan 		9.4% A
New Zealand 		9.3% A
Singapore 		9.1% A
United Kingdom 		9.0% A
Denmark 		8.7% A
Netherlands 		8.1% A
Luxembourg 		8.0% A
Austria 		6.6% A
United States 		6.5% A
Switzerland 		6.1% A


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Data quality rating definitions:
         A: As good as it gets
         B: Good
         C: Use with caution
         D: Poor
         E: Extremely poor quality









ARMENIA'S ECONOMICS
ARMENIA'S DEMOGRAPHY
ARMENIA'S ENVIRONMENT, SOCIAL & GOVERNANCE
PUBLIC SOURCE & RELATED DATA

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