Informal economy reaches R $ 650 billion in Brazil in 2010


Source: Rádio Globo - 25/11/2010

The level of production of goods and services that operates informally, the so-called underground, reached about R $ 656 billion this year. The value represents more than 18,5% of GDP - Gross Domestic Product, according to an index released by ETCO - Brazilian Institute of Ethics in Competition, and by Fundação Getúlio Vargas. The calculation is based on the forecast of a 7,5% growth in GDP, inflation of 5% in 2010, and data from PNAD - National Household Survey 2009. The term underground includes, in addition to informal workers, the movement generated by illegal activities, such as drug trafficking and smuggling.