Fiji: Informal economy, DGE method

* indicates monthly or quarterly data series
 Fiji

Informal economy, DGE method

 Latest value 29.80
 Year 2020
 Measure percent
 Data availability 1990 - 2020
 Average 32.83
 Min - Max 29.80 - 35.00
 Source Informal economy database
The latest value from 2020 is 29.8 percent, unchanged from 29.8 percent in 2019. In comparison, the world average is 28.16 percent, based on data from 156 countries. Historically, the average for Fiji from 1990 to 2020 is 32.83 percent. The minimum value, 29.8 percent, was reached in 2019 while the maximum of 35 percent was recorded in 1997. 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 data
Fiji - Informal economy, DGE method - Recent values chart

Historical series
Fiji - 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.

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 Related indicators Latest Reference Measure
 Rule of law 0.32 2022 points
 Government effectiveness 0.59 2022 points
 Control of corruption 0.39 2022 points
 Regulatory quality -0.06 2022 points
 Voice and accountability -0.15 2022 points
 Political stability 0.76 2022 points
 Corruption perceptions - Transparency International 53 2022 points
 Political rights 3 2024 points
 Civil liberties 3 2024 points
 Cost of starting a business 14.50 2019 percent of per capita GNI
 Shadow economy 25.37 2015 percent
 Informal economy, MIMIC method 33.00 2020 percent
 Informal economy, DGE method 29.80 2020 percent
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