Romania: Shadow economy

* indicates monthly or quarterly data series
 Romania

Shadow economy, percent of GDP

 Latest value 22.94
 Year 2015
 Measure percent
 Data availability 1991 - 2015
 Average 30.14
 Min - Max 22.73 - 36.03
 Source Medina and Schneider (2018)
For that indicator, we provide data for Romania from 1991 to 2015. The average value for Romania during that period was 30.14 percent with a minimum of 22.73 percent in 2014 and a maximum of 36.03 percent in 1991. The latest value from 2015 is 22.94 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
Romania - Shadow economy - Recent values chart

Historical chart
Romania - 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? The series are discontinued but can still serve as a benchmark in calibration exercises.


 Related indicators Latest value Reference Measure
 Rule of law 0.40 2022 points
 Government effectiveness 0.00 2022 points
 Control of corruption 0.02 2022 points
 Regulatory quality 0.36 2022 points
 Voice and accountability 0.56 2022 points
 Political stability 0.49 2022 points
 Corruption perceptions - Transparency International 46 2022 points
 Political rights 2 2024 points
 Civil liberties 2 2024 points
 Competitiveness 64.40 2019 points
 Cost of starting a business 0.30 2019 percent of per capita GNI
 Shadow economy 22.94 2015 percent
 Informal economy, MIMIC method 30.80 2020 percent
 Informal economy, DGE method 25.80 2020 percent
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