II‑ Economic Context
•
More trade dependent than France,
almost exactly as much as UK
•
Very large informal economy ‑ Perhaps
20‑30% GDP
–
Unreported and untaxed
–
Makes data on GDP, labor force,
unemployment, etc., unreliable
Very large informal economy
Largest in course
1999 estimated at 27% GDP
2002 legislation aimed to try to bring more irregular employment in this sector into regular employment
Unreported and untaxed –
Tax avoidance principal reason