An Empirical Estimation of the Underground Economy in Ghana

Table 4

Average size of the underground economy.

Regions	2000/2001	2002/2003
Africa	42.3	43.2
Central and South America	42.2	43.4
Asia and Middle East	29.5	30.4
East and Central Europe	39.1	40.1
Highly developed OECD	16.7	16.3
South Pacific islands	32.6	33.4
Communist countries	21.1	22.3
Unweighted average—145 countries	34.5	35.2

Source: Schneider and Bajada, 2005 [3].