By National Institute of Statistics and Geography (INEGI), .
This announcement is based on “PIB y Cuentas Nacionales. Mediciones de la Economía Informal” published by the National Institute of Statistics and Geography (INEGI). See Medición de la Economía Informal.
The National Institute of Statistics and Geography (INEGI) has made available the first estimates of the Informal economy in the Mexico GDP for the years 2003 -2012. During the period the share of the Gross Domestic Product (GDP) contributed by the informal economy dropped slightly from around 27 per cent to a still significant 25 per cent.
They push street carts selling food and drinks, sell newspapers and water on busy intersections, and collect garbage for recycling while breathing in thick black smoke from the exhausts of trucks, buses and cars.
Informal economy provides employment for 40% of the global workforce.
There are 4.8 unemployed Americans -- 40 percent of all those jobless -- who have been out of work for more than 27 weeks. As umemployment benefits run out, some enter the informal economy, also known as the shadow economy, to make ends meet.
Kerwin Datu, editor-in-chief of The Global Urbanist, argues that the global urban development community has lost sight of its own agenda, and perhaps even deserves to lose its funding until it can reclaim a focus on urban employment and income levels alongside its obsession with housing and services.
For more information about Joann, read her profile.
It's time for government agencies from developing countries, including Viet Nam, to issue specific support policies to further benefit the informal sector, which has been neglected for a long time, an international conference heard.