Economic Outlook: underground economy
Source: A Gazeta - MT - 22/07/2010
Informality - The underground economy, known as the informal economy, represented 18,4% of GDP in 2009, equivalent to R $ 578,4 billion, compared to 21% of GDP in 2003. This is the result of an unprecedented study that calculates the Underground Economy Index, carried out by the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre-FGV) and commissioned by the Brazilian Institute of Competitive Ethics (Etco).