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No. 3 Biggest Shadow Economy: Azerbaijan


No. 3 Biggest Shadow Economy: Azerbaijan

Percent of GDP in Shadow Economy: 69.6
Official GDP: $86.03 billion

Population: 8,303,512
Labor Force by Occupation:
Agriculture: 38.3 percent
Industry: 12.1 percent
Services: 49.6 percent

Industries: petroleum and natural gas, petroleum products, oil field equipment, steel, iron ore, cement, chemicals and petrochemicals, textiles

Exports: oil and gas (90 percent), machinery, cotton, foodstuffs