Honduras: Shadow economy

(measure: percent; Source: Medina and Schneider (2018))
* indicates monthly or quarterly data series

Honduras: Shadow economy, percent of GDP, 1991 - 2015:

For that indicator, we provide data for Honduras from 1991 to 2015. The average value for Honduras during that period was 46.31 percent with a minimum of 37.68 percent in 2015 and a maximum of 53.74 percent in 1991. The latest value from 2015 is 37.68 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?
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