Romania: Shadow economy

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

Romania: Shadow economy, percent of GDP

: For that indicator, Medina and Schneider (2018) provides data for Romania from 1991 to 2015. The average value for Romania during that period was 30.14 percent with a minumum of 22.73 percent in 2014 and a maximum of 36.03 percent in 1991. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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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