Economies by Informal Economy Size

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

The table below shows the size of each country’s informal economy as a percentage of GDP, ranked by largest to smallest.






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Country Rank
Order		 Informal Economy
(GDP PPP, Billions Int$, 2025)		 Informal Economy
% of GDP		 World Economics
Grade
A-E
Afghanistan 1 133.32 72.9% E
Zimbabwe 2 79.02 64.1% E
Nigeria 3 1,483.37 57.2% E
Myanmar 4 258.13 52.0% E
Nicaragua 5 42.29 50.6% E
Benin 6 45.37 50.5% E
Bolivia 7 109.06 50.2% E
Georgia 8 70.36 49.5% E
Panama 9 124.87 49.0% E
Cambodia 10 85.26 48.1% E
Azerbaijan 11 161.85 47.9% E
Haiti 12 25.20 47.9% E
Central African Republic 13 5.61 47.6% E
Paraguay 14 83.68 46.8% E
Gabon 15 48.15 46.6% E
Peru 16 398.98 46.5% E
Guatemala 17 162.50 46.3% E
Tanzania 18 190.25 44.9% E
Congo, Rep. 19 35.11 44.4% E
Congo, Dem. Rep 20 140.21 44.2% E
Gambia 21 6.59 44.0% E
Honduras 22 52.34 43.7% E
Ukraine 23 397.97 43.3% E
Thailand 24 974.25 42.5% E
Niger 25 35.94 41.9% E
Armenia 26 38.02 41.2% E
Angola 27 221.75 41.0% E
Chad 28 26.46 40.9% E
Uruguay 29 68.04 40.9% E
Liberia 30 6.33 40.2% E
Zambia 31 57.66 40.2% E
Tajikistan 32 28.76 39.5% D
Eswatini 33 9.35 39.2% D
Madagascar 34 39.23 38.9% D
Comoros 35 1.72 38.7% D
Sierra Leone 36 11.05 38.3% D
Sudan 37 82.27 36.9% D
Moldova 38 21.02 36.8% D
Cote d'Ivoire 39 131.92 36.6% D
Senegal 40 53.32 36.6% D
Kazakhstan 41 379.57 36.4% D
North Macedonia 42 22.10 36.1% D
El Salvador 43 39.85 36.0% D
Sri Lanka 44 151.01 35.7% D
Ghana 45 139.43 35.2% D
Burundi 46 7.58 34.9% D
Belarus 47 125.81 34.6% D
Tunisia 48 73.64 34.6% D
Turkmenistan 49 46.66 34.3% D
Philippines 50 627.18 34.1% D
Kenya 51 178.31 33.5% D
Brazil 52 1,870.41 33.4% D
Ecuador 53 122.86 33.4% D
Suriname 54 5.79 33.1% D
Pakistan 55 673.53 32.7% D
Mozambique 56 28.06 32.2% D
Papua New Guinea 57 22.49 32.2% D
Guinea 58 32.91 32.1% D
Serbia 59 82.16 32.1% D
Guinea-Bissau 60 2.62 32.0% D
Malawi 61 17.82 32.0% C
Uganda 62 74.57 32.0% D
Ethiopia 63 198.43 31.9% D
Libya 64 64.67 31.6% C
Bosnia and Herzegovina 65 28.03 31.5% C
Togo 66 13.50 31.2% C
Kyrgyzstan 67 19.64 30.7% C
Cabo Verde 68 2.14 30.5% C
Lebanon 69 24.41 30.4% C
Burkina Faso 70 29.62 30.3% C
Jamaica 71 13.09 30.3% C
Mali 72 35.54 30.2% C
Mexico 73 1,239.29 30.2% C
Croatia 74 65.46 30.0% C
Brunei 75 16.73 29.9% C
Lesotho 76 2.86 29.6% C
Argentina 77 531.37 29.5% C
Türkiye 78 1,186.38 29.4% C
Colombia 79 388.77 29.3% C
Trinidad and Tobago 80 18.29 29.2% C
Bulgaria 81 84.86 29.1% C
Dominican Republic 82 108.48 29.0% C
Egypt 83 875.49 28.8% C
Algeria 84 243.16 28.7% C
Botswana 85 21.27 28.7% C
Rwanda 86 20.21 28.7% C
Cameroon 87 63.78 28.6% C
Mauritania 88 14.64 28.5% C
Malta 89 12.45 28.2% C
Uzbekistan 90 129.39 28.2% C
Nepal 91 71.31 28.0% C
Albania 92 18.94 27.9% C
Guyana 93 41.42 27.4% B
Bangladesh 94 591.70 27.1% B
Costa Rica 95 49.72 27.0% B
India 96 5,884.37 26.9% B
Morocco 97 122.98 26.9% C
Yemen, Rep. 98 16.08 26.7% B
Malaysia 99 473.42 26.6% B
Romania 100 275.93 26.6% B
Bahamas, The 101 5.32 26.5% B
Namibia 102 12.89 26.5% B
Russia 103 1,998.87 26.0% B
South Africa 104 320.98 24.8% B
Cyprus 105 15.11 24.2% B
Hungary 106 120.39 23.9% B
Korea, Rep. 107 790.28 23.4% B
Bhutan 108 4.73 23.0% B
United Arab Emirates 109 224.15 23.0% B
Indonesia 110 1,418.22 22.8% B
Laos 111 22.22 22.8% B
Estonia 112 16.04 22.6% B
Greece 113 106.82 22.2% B
Slovenia 114 28.11 21.7% B
Poland 115 452.14 21.6% B
Vietnam 116 468.86 21.5% B
Mauritius 117 9.65 21.3% B
Saudi Arabia 118 592.60 21.3% B
Chile 119 155.78 21.0% B
Lithuania 120 35.25 20.9% B
Italy 121 785.85 20.7% B
Latvia 122 18.23 20.4% B
Spain 123 576.13 20.2% B
Taiwan 124 322.61 19.7% B
Belgium 125 171.98 18.8% A
Kuwait 126 57.56 18.7% A
Portugal 127 95.29 17.6% A
Oman 128 42.42 17.3% A
Israel 129 96.95 16.9% A
Mongolia 130 13.51 16.3% A
Bahrain 131 20.26 16.2% A
Qatar 132 64.23 16.0% A
Czechia 133 98.08 15.8% A
France 134 698.79 15.7% A
Hong Kong 135 87.29 14.7% A
Jordan 136 20.87 14.6% A
Slovak Republic 137 34.14 13.6% A
Finland 138 49.99 13.4% A
Norway 139 73.57 12.9% A
Sweden 140 98.60 12.5% A
Iceland 141 3.70 12.4% A
China 142 5,227.66 12.1% A
Australia 143 210.89 11.6% A
Canada 144 292.45 11.4% A
Denmark 145 56.50 11.4% A
Ireland 146 77.99 11.2% A
United Kingdom 147 455.03 10.8% A
Singapore 148 90.84 10.6% A
Germany 149 601.08 10.4% A
Japan 150 657.11 10.3% A
New Zealand 151 28.58 9.9% A
Netherlands 152 130.57 9.4% A
Luxembourg 153 9.36 9.3% A
United States 154 2,015.89 7.3% A
Austria 155 46.01 7.2% A
Switzerland 156 55.64 6.9% A


See: Data for individual countries and underlying data click on the country name
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Category definitions:
         A: Very good
         B: Good
         C: Average
         D: Poor
         E: Very poor






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