Informality drops only 0,3 pp in 2012


Revista SM - - LATEST NEWS - 10/07/2013

The IES (Underground Economy Index), released today (10/7) by ETCO (Brazilian Institute of Competition Ethics) together with IBRE / FGV (Brazilian Institute of Economics), reached the mark of 16,6% at the end of 2012, which represents a reduction of 0,3 percentage point in relation to the previous year.

In absolute figures, the estimate is that the underground economy in 2012 - the production of goods and services not reported to the government, which is outside the national GDP - has exceeded R $ 730 billion.

“In general, despite the reduction in the rate of decline of the index, the result is still positive, as it is necessary to take into account that, even with the low performance of the economy in the year, informality continues to fall”, says Fernando de Holanda Barbosa Filho, researcher in Applied Economics at FGV / IBRE.