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 51.6% which represents approximatly $109 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 72.0%
Zimbabwe 64.1%
Nigeria 57.7%
Haiti 55.1%
Bolivia 54.8%
Nicaragua 52.5%
Panama 51.6%
Gabon 51.6%
Myanmar 49.0%
Benin 48.8%
Guatemala 48.6%
Congo, Dem. Rep 48.3%
Tanzania 46.7%
Paraguay 46.5%
Thailand 46.2%
Georgia 46.2%
Honduras 45.9%
Gambia 44.3%
Ukraine 44.2%
Central African Republic 44.0%
India 43.1%
Liberia 42.6%
Peru 42.2%
Eswatini 40.9%
El Salvador 40.9%
Cambodia 40.9%
Moldova 40.6%
Cote d'Ivoire 40.4%
Congo, Rep. 40.1%
Angola 39.6%
Armenia 39.1%
Guinea 38.8%
Zambia 38.7%
Russia 38.0%
Senegal 37.7%
Belarus 37.7%
Sierra Leone 37.3%
Ecuador 37.2%
Tajikistan 37.1%
Azerbaijan 36.8%
Comoros 36.6%
Morocco 36.6%
Niger 36.5%
Burundi 36.3%
Madagascar 36.2%
Pakistan 35.6%
Ghana 35.6%
Guinea-Bissau 35.5%
Sudan 35.5%
Libya 35.3%
Egypt 34.8%
Chad 34.7%
Papua New Guinea 34.6%
Turkmenistan 34.5%
Uganda 34.4%
Mozambique 34.3%
Philippines 34.1%
Dominican Republic 33.9%
Ethiopia 33.5%
North Macedonia 33.4%
Burkina Faso 33.3%
Colombia 33.3%
Brazil 33.2%
Nepal 33.2%
Mali 33.2%
Suriname 33.0%
Bosnia and Herzegovina 33.0%
Jamaica 33.0%
Kenya 32.6%
Kazakhstan 31.9%
Albania 31.9%
Cabo Verde 31.7%
Uruguay 31.7%
Trinidad and Tobago 31.6%
Lebanon 31.4%
Mauritania 31.3%
Serbia 31.3%
Rwanda 31.3%
Türkiye 31.2%
Sri Lanka 31.1%
Lesotho 30.9%
Kyrgyzstan 30.8%
Malawi 30.6%
Tunisia 30.4%
Bangladesh 30.2%
Bahamas, The 30.2%
Brunei Darussalam 30.1%
Cameroon 29.9%
Croatia 29.5%
Togo 29.5%
Mexico 29.2%
Guyana 29.1%
South Africa 28.8%
Malta 27.7%
Bulgaria 27.7%
Argentina 27.3%
Yemen, Rep. 27.3%
Uzbekistan 27.2%
Laos 27.2%
Cyprus 27.1%
Greece 26.9%
Botswana 26.7%
Costa Rica 26.6%
Malaysia 25.3%
Latvia 24.9%
Namibia 24.7%
Slovenia 23.8%
Romania 23.8%
Italy 23.7%
Hungary 23.3%
Bhutan 22.8%
Saudi Arabia 22.8%
Korea, Rep. 22.7%
Indonesia 22.7%
Estonia 22.5%
Taiwan 22.5%
Poland 22.4%
Lithuania 21.6%
Spain 21.3%
Israel 20.8%
Vietnam 20.5%
United Arab Emirates 20.4%
Mauritius 20.4%
Portugal 20.3%
Kuwait 20.1%
Oman 19.8%
Chile 19.3%
Belgium 19.2%
Algeria 17.4%
Bahrain 17.2%
Jordan 16.9%
Qatar 16.5%
Norway 15.7%
Denmark 15.2%
Mongolia 15.1%
Slovak Republic 14.8%
Finland 14.6%
Czechia 14.5%
Iceland 13.9%
Sweden 13.7%
Hong Kong 13.6%
France 13.1%
China 12.7%
Ireland 12.3%
Germany 11.2%
Canada 11.2%
Singapore 10.4%
United Kingdom 10.3%
Netherlands 10.0%
New Zealand 10.0%
Luxembourg 9.9%
Australia 9.9%
Japan 9.6%
Austria 8.7%
Switzerland 7.5%
United States 7.3%


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PANAMA'S ECONOMICS
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