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  • The percentage of Labor force employed in informal economy around the world

    The percentage of Labor force employed in informal economy around the world

      The informal economy can be defined as that segment of the economy which is not regulated by the government. Also described as the grey economy, an informal economy is not taxed and activities in this segment are not included in the country’s Gross Domestic Product and Gross National Product. There are many nations in
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  • The World’s Top-Saving Countries

    The World’s Top-Saving Countries

      Gross savings, simply put, can be defined as the difference between the gross national income of a country and its total consumption, plus net transfers. Gross savings are an important part of a nation’s economy and define its economic prowess. According to the World Bank data of 2015, gross savings formed 25 percent of
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