Agricultural Economics Department
Date of this Version
June 2004
Abstract
Any measurement of Nebraska’s informal economy is questionable at best, given the nature of the businesses that comprise this economic segment. Economists estimate the size of the nations informal economy as a percentage of the GNP to range from 4.4 percent to 27 percent, with most estimates falling around 10 percent. If this figure holds true for Nebraska, we can measure Nebraska’s informal economy to be $5.6 million or 10 percent of Nebraska’s 2001 Gross State Product of $56,967 million.
Comments
Published in Cornhusker Economics, 06/02/2004. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html