India: Shadow economy
* indicates monthly or quarterly data series
| India |
Shadow economy, percent of GDP |
|---|---|
| Latest value | 17.89 |
| Reference | 2015 |
| Measure | percent |
| Source | Medina and Schneider (2018) |
For that indicator, we provide data for India from 1991 to 2015. The average value for India during that period was 23.91 percent with a minimum of 17.89 percent in 2015 and a maximum of 28.43 percent in 1991.
The latest value from 2015 is 17.89 percent. For comparison, the world average in 2015 based on 158
countries is 27.78 percent.
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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?