Informal economy should exceed R $ 830 billion in 2014, estimates FGV


GRAPHIC G1Value represents 16,3% of the country's GDP, according to a survey. 
Entities see greater slowness in reducing informality.

The share of production of goods and services not reported to the government, which is outside the national gross domestic product (GDP) - as in the informal market - should reach the mark of R $ 833,9 billion this year, according to the estimate of the Brazilian Institute of Competitive Ethics (ETCO), together with the Brazilian Institute of Economics of the Getulio Vargas Foundation (FGV / IBRE), through the Underground Economy Index (IES).

The value represents 16,2% of the country's GDP - almost stable in relation to the 16,3% share that the underground economy represented in the GDP of 2013. According to the entities, the result indicates a tendency towards slowing down the reduction of informality .

Source: | 12/11