Panama'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 taxed nor monitored by any form of government.

The size of Panama's informal economy is estimated to be 49.2% which represents approximatly $122 billion at GDP PPP levels.

Panama'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): All Countries Latest Data





Afghanistan 73.3%
Zimbabwe 64.3%
Nigeria 57.4%
Myanmar 52.6%
Nicaragua 51.2%
Benin 51.1%
Bolivia 50.5%
Georgia 50.0%
Panama 49.2%
Cambodia 49.1%
Haiti 48.5%
Azerbaijan 47.8%
Central African Republic 47.6%
Gabon 47.2%
Paraguay 47.1%
Peru 46.7%
Guatemala 46.5%
Tanzania 45.1%
Congo, Rep. 44.7%
Congo, Dem. Rep 44.4%
Gambia 43.8%
Honduras 43.6%
Ukraine 43.4%
Thailand 42.7%
Niger 41.8%
Armenia 41.4%
Uruguay 41.1%
Chad 41.1%
Angola 41.0%
Zambia 40.3%
Liberia 40.3%
Tajikistan 39.6%
Madagascar 39.3%
Comoros 39.2%
Eswatini 39.1%
Sierra Leone 38.1%
Sudan 37.1%
Moldova 37.1%
Senegal 36.8%
Cote d'Ivoire 36.4%
Kazakhstan 36.3%
North Macedonia 36.2%
El Salvador 36.2%
Sri Lanka 36.0%
Ghana 35.9%
Burundi 35.3%
Tunisia 34.7%
Belarus 34.6%
Turkmenistan 34.4%
Philippines 34.2%
Kenya 34.0%
Brazil 33.3%
Ecuador 33.3%
Suriname 33.2%
Pakistan 32.8%
Guinea 32.7%
Guinea-Bissau 32.5%
Papua New Guinea 32.4%
Mozambique 32.3%
Ethiopia 32.3%
Serbia 32.2%
Bosnia and Herzegovina 32.1%
Uganda 32.1%
Malawi 32.1%
Libya 32.1%
Togo 31.4%
Cabo Verde 30.9%
Kyrgyzstan 30.9%
Jamaica 30.7%
Burkina Faso 30.7%
Mexico 30.6%
Mali 30.5%
Lebanon 30.3%
Croatia 30.3%
Brunei 30.2%
Lesotho 30.1%
Bulgaria 29.7%
Argentina 29.6%
Colombia 29.6%
Türkiye 29.5%
Trinidad and Tobago 29.4%
Algeria 29.2%
Dominican Republic 29.1%
Egypt 29.0%
Cameroon 28.9%
Rwanda 28.9%
Malta 28.7%
Mauritania 28.6%
Nepal 28.5%
Botswana 28.5%
Uzbekistan 28.4%
Albania 28.1%
Morocco 27.4%
Guyana 27.3%
Costa Rica 27.2%
Bangladesh 27.2%
India 27.1%
Romania 26.8%
Malaysia 26.7%
Yemen, Rep. 26.7%
Namibia 26.7%
Bahamas, The 26.6%
Russia 26.0%
South Africa 24.9%
Cyprus 24.5%
Hungary 23.9%
Bhutan 23.7%
Korea, Rep. 23.3%
United Arab Emirates 23.2%
Indonesia 23.0%
Laos 22.9%
Estonia 22.8%
Greece 22.4%
Slovenia 21.9%
Poland 21.7%
Mauritius 21.6%
Vietnam 21.5%
Saudi Arabia 21.4%
Chile 21.2%
Italy 21.1%
Lithuania 20.9%
Latvia 20.7%
Spain 20.2%
Taiwan 19.7%
Belgium 18.8%
Kuwait 18.6%
Portugal 17.6%
Oman 17.4%
Israel 17.2%
Mongolia 16.7%
Qatar 16.1%
Bahrain 16.1%
France 15.8%
Czechia 15.7%
Jordan 14.9%
Hong Kong 14.7%
Slovak Republic 13.7%
Finland 13.6%
Norway 12.9%
Iceland 12.7%
Sweden 12.6%
China 12.3%
Australia 11.9%
Denmark 11.7%
Canada 11.5%
Ireland 11.1%
United Kingdom 10.8%
Singapore 10.6%
Germany 10.4%
Japan 10.3%
New Zealand 10.1%
Netherlands 9.4%
Luxembourg 9.3%
Austria 7.4%
United States 7.3%
Switzerland 6.9%


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PANAMA'S ECONOMICS
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