Source link : https://earth-news.info/economy/unveiling-the-hidden-economy-a-global-map-of-shadow-markets/
Visualizing the Scope of Each Nation’s Informal Economy
In the complex landscape of global finance, one often neglected aspect is the informal economy—a vast network of unregulated transactions and undisclosed earnings that coexist with official markets. As calls for transparency and regulation grow louder, this hidden sector continues to flourish, presenting both challenges and opportunities for governments, businesses, and individuals. Recent research from Visual Capitalist reveals that this underground economy constitutes a substantial fraction of total economic activity in numerous countries, with some nations facing informal sectors that represent over a third of their GDP. This article examines the insights from this enlightening report, focusing on the scale of each nation’s informal economy, its effects on national development, and what these statistics indicate about economic resilience in an ever-changing financial environment.
The Global Influence of Informal Economies on Nations
The existence of informal economies presents ongoing challenges for governments and policymakers around the globe. Defined by economic activities not reported to authorities, these unregulated sectors can lead to significant discrepancies in national economic data—often resulting in an underappreciation of a country’s actual economic power. Key consequences include:
- Tax Losses: A considerable…
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Author : earthnews
Publish date : 2025-05-18 16:33:00
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