Zimbabwe: Informal Sector - a Pillar of Growth

15 January 2014
analysis

According to the International Labour Organisation, the informal sector essentially covers the unorganised spectrum of economic activities in commerce, agriculture, construction, manufacturing, transportation and services.

It now absorbs as much as 60 percent of the labour force in urban areas of developing countries. This basically includes the portion of a country's economy that lies outside of any formal regulatory environment. Informal sector activities are rarely reflected in official statistics on economic activity (for example, gross domestic product).

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