January 2019

The societal presence and impact of the informal economy are inescapable. Around the world and especially in areas of widespread poverty, unregistered and unregulated organizational entities operate in the part of the economy that either fails to adhere to the established institutional rules or are denied their protection. Reports from the International Labor Organization find that 48% of the labor force works in the informal economy in North Africa, 72% in Sub-Saharan Africa, 51% in Latin America, and 65% in Asia.