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Delhi's electronic bazaars are one of the city's last non-elite commercial spaces

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Wannaphong Durongkaveroj | East Asia Forum

Wannaphong Durongkaveroj is an Assistant Professor of economics at Ramkhamhaeng University, Bangkok, Thailand. He obtained a PhD in Economics from the Arndt-Corden Department of Economics, Australian National University. His research interest covers international trade, poverty, and inequality. He has published articles in several journals such as Journal of Industrial and Business Economics, Review of Development Economics, and Journal of International Development. In 2021, he was awarded the 3rd Prize of the Joseph Stiglitz Essay Award from the International Economic Association.

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Nepal's informal economy is 41 percent of GDP

KATHMANDU, Jan 26: The USA, which is the world's largest economy, has an 'informal economy' of 7.3 percent, while China, the second largest economy, has 12.7 percent. However, the average size of Nepal's informal economy is around 40 to 42 percent.

Nepal's informal economy is 38.6 percent of GDP

Real estate activities contribute 99.97 percent to the informal economy, followed by agriculture, forestry and fishing.