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informal economy
Business / 27 weeks ago
The world's top 10 shadow economies
Despite a global decrease in informal economic activity, shadow economies still make up a significant portion of GDP in parts of Africa and South Asia. A new data from the Ernst & Young Global Shadow Economy Report 2025 reveals that Sierra Leone, Niger, and Nepal top this list, measured as a percentage of their national GDP. The global shadow economy, which comprises unreported and untaxed activities, now accounts for 11.8% of worldwide GDP, down from 17.7% in 2000.
Environment / 28 weeks ago
The global social protection gap: Why 2 billion people remain uncovered
According to the State of Social Protection Report 2025, a staggering 2 billion people across the globe remain uncovered or inadequately covered by any form of social protection—a stark reminder of the deep inequalities that still persist in the 21st century. Here’s a breakdown of the number of people without social protection by region:
