Term:
Non-observed economy
Definition:
The term is used to describe activities that, for one reason or another, are not captured in regular statistical enquiries. The reason may be that the activity is informal and thus escapes the attention of surveys geared to formal activities, the producer may be anxious to conceal a legal activity, or it may be that the activity is illegal.
Domain:
Statistical Business Registers
Source:
"System of National Accounts, 2008", United Nations, New York, 2009.