Guyana: Shadow economy
* indicates monthly or quarterly data series
| Guyana |
Shadow economy, percent of GDP |
|---|---|
| Latest value | 26.09 |
| Year | 2015 |
| Measure | percent |
| Data availability | 1991 - 2015 |
| Average | 31.78 |
| Min - Max | 26.03 - 36.55 |
| Source | Medina and Schneider (2018) |
For that indicator, we provide data for Guyana from 1991 to 2015. The average value for Guyana during that period was 31.78 percent with a minimum of 26.03 percent in 2014 and a maximum of 36.55 percent in 1991.
The latest value from 2015 is 26.09 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
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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 | -0.40 | 2021 | points |
| Government effectiveness | -0.24 | 2021 | points |
| Control of corruption | -0.17 | 2021 | points |
| Regulatory quality | -0.52 | 2021 | points |
| Voice and accountability | 0.25 | 2021 | points |
| Political stability | -0.14 | 2021 | points |
| Corruption perceptions - Transparency International | 40 | 2022 | points |
| Political rights | 2 | 2020 | points |
| Civil liberties | 3 | 2020 | points |
| Cost of starting a business | 9.40 | 2019 | percent of per capita GNI |
| Shadow economy | 26.09 | 2015 | percent |