The Impacts of the Informal Sector on the Egyptian Economy
22 Pages Posted: 1 Jun 2010 Last revised: 26 Apr 2011
Date Written: June 1, 2010
The informal sector is economic activity that is neither taxed nor monitored by a government, and is not included in that government's Gross National Product (GNP), as opposed to a formal economy. Although the informal economy is often associated with developing countries, where up to 60% of the labor force (with as much 40% of GDP) works, all economic systems contain an informal economy in some proportion. The term informal sector was used in many earlier studies, and has been mostly replaced in more recent studies which use the newer term. This research aims to study the impacts of the informal sector on the Egyptian economy.
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Keywords: informal sector, Egyptian economy
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