Eritrea: Shadow economy

* indicates monthly or quarterly data series
 Eritrea

Shadow economy, percent of GDP

 Latest value 36.53
 Year 2015
 Measure percent
 Data availability 1991 - 2015
 Average 39.29
 Min - Max 31.42 - 48.92
 Source Medina and Schneider (2018)
For that indicator, we provide data for Eritrea from 1991 to 2015. The average value for Eritrea during that period was 39.29 percent with a minimum of 31.42 percent in 1997 and a maximum of 48.92 percent in 1992. The latest value from 2015 is 36.53 percent. For comparison, the world average in 2015 based on 158 countries is 27.78 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
Eritrea - Shadow economy - recent values

Historical chart
Eritrea - Shadow economy - historical chart - 1991-2015




Definition: The shadow economy as percent of total annual GDP. Detailed methodology of the estimations can be obtained from the following International Monetary Fund working paper by Leandro Medina and Friedrich Schneider (2018): Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?


 Related indicators Latest value Reference Measure
 Rule of law -1.77 2022 points
 Government effectiveness -1.73 2022 points
 Control of corruption -1.28 2022 points
 Regulatory quality -2.37 2022 points
 Voice and accountability -1.88 2022 points
 Political stability -0.97 2022 points
 Corruption perceptions - Transparency International 22 2022 points
 Political rights 7 2020 points
 Civil liberties 7 2020 points
 Cost of starting a business 21.30 2019 percent of per capita GNI
 Shadow economy 36.53 2015 percent
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