Institution

OECD, IMF, CIS Stat

Year

2002

Level

Intermediate

Abstract

The non-observed economy comprises production activities that are illegal, underground, informal, or otherwise missed by the statistical system. Unless efforts are made to deal with such activities, economic indicators are under-estimated. This can be a serious issue, particularly in transition and emerging economies. Given the miscellany of possible approaches, there is a need to identify and promote international best practice. This is the aim of the Handbook for Measurement of the Non-Observed Economy.