Ecuador: Informal economy, DGE method

* indicates monthly or quarterly data series
 Ecuador

Informal economy, DGE method

 Latest value 27.30
 Year 2020
 Measure percent
 Data availability 1990 - 2020
 Average 29.24
 Min - Max 27.30 - 30.50
 Source Informal economy database
For that indicator, we provide data for Ecuador from 1990 to 2020. The average value for Ecuador during that period was 29.24 percent with a minimum of 27.3 percent in 2020 and a maximum of 30.5 percent in 2004. The latest value from 2020 is 27.3 percent. For comparison, the world average in 2020 based on 156 countries is 28.16 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Ecuador - Informal economy, DGE method - Recent values chart

Historical chart
Ecuador - Informal economy, DGE method - historical chart - 1990-2020




Definition: This method of estimating the size of the informal economy is based on a Dynamic General Equilibrium model where economic agents can allocate time and effort in the formal and the informal sector. Their allocation decision is driven by model parameters such as government spending and taxation. The theoretical model is calibrated to arrive at a measure of the size of the informal economy. The estimate is put to further robustness tests. See Elgin and Oztunali (2012) for further methodological detail.


 Related indicators Latest value Reference Measure
 Rule of law -0.62 2022 points
 Government effectiveness -0.31 2022 points
 Control of corruption -0.63 2022 points
 Regulatory quality -0.46 2022 points
 Voice and accountability 0.03 2022 points
 Political stability -0.24 2022 points
 Corruption perceptions - Transparency International 36 2022 points
 Political rights 3 2024 points
 Civil liberties 3 2024 points
 Competitiveness 55.70 2019 points
 Cost of starting a business 33.00 2019 percent of per capita GNI
 Shadow economy 30.18 2015 percent
 Informal economy, MIMIC method 33.40 2020 percent
 Informal economy, DGE method 27.30 2020 percent
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