Zimbabwe’s Informal Sector Is The Largest In Africa, 2nd In The World: IMF

A recent study by the International Monetary Fund (IMF) has shown that Zimbabwe’s informal sector is the second largest in the world at more than 60% and the first in Africa.

According to the IMF study titled “Shadow Economies Around The World: What Did We Learn Over The Last 20 Years?”, Zimbabwe’s informal sector is second after Bolivia (62.3% of the GDP). Austria and Switzerland are the most formal economies in the world with 8.9% and 7.2%. The study covers 158 countries.

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