Burkina Faso: Informal economy, MIMIC method

* indicates monthly or quarterly data series
 Burkina Faso

Informal economy, MIMIC method

 Latest value 37.40
 Year 2020
 Measure percent
 Data availability 1993 - 2020
 Average 40.29
 Min - Max 37.40 - 44.10
 Source Informal economy database
For that indicator, we provide data for Burkina Faso from 1993 to 2020. The average value for Burkina Faso during that period was 40.29 percent with a minimum of 37.4 percent in 2018 and a maximum of 44.1 percent in 1994. The latest value from 2020 is 37.4 percent. For comparison, the world average in 2020 based on 158 countries is 32.74 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Burkina Faso - Informal economy, MIMIC method - Recent values chart

Historical chart
Burkina Faso - Informal economy, MIMIC method - historical chart - 1993-2020

Definition: The MIMIC model of the World Bank uses the following variables as determinants of the informal economy: 1) size of government, 2) share of direct taxation, 3) fiscal freedom index, 4) business freedom index, 5) unemployment rate and GDP per capita, and 6) government effectiveness. It proposes that the following variables are affected by the informal economy: 1) growth rate of GDP per capita, 2) the labor force participation rate, and 3) currency as a ratio of M0. These variables are used in a Structural Equation Model (SEM) with a latent variable that is a measure of the size of the informal economy. See, for example, Schneider, Buehn, and Montenegro (International Economic Journal, 2010).

 Related indicators Latest value Reference Measure
 Rule of law -0.61 2022 points
 Government effectiveness -0.83 2022 points
 Control of corruption -0.08 2022 points
 Regulatory quality -0.47 2022 points
 Voice and accountability -0.63 2022 points
 Political stability -1.78 2022 points
 Corruption perceptions - Transparency International 42 2022 points
 Political rights 7 2024 points
 Civil liberties 5 2024 points
 Competitiveness 43.40 2019 points
 Cost of starting a business 42.80 2019 percent of per capita GNI
 Shadow economy 29.63 2015 percent
 Informal economy, MIMIC method 37.40 2020 percent
 Informal economy, DGE method 30.90 2020 percent
This site uses cookies.
Learn more here