The informal economy is a widespread and complex phenomenon that employs nearly 6 out of 10 workers, contributing to around 30 per cent of the GDP in developing countries. This poses specific challenges for these workers, including a lack of regulation regarding wages and working conditions. As many job seekers in developing countries view entering the informal economy as the only way to earn a living, the Global Accelerator aims to facilitate and expedite the transition to formality through targeted investments and decent job creation, particularly in those countries. 


Key resources


Further information

ILO Recommendation 204 - Transition from the Informal to the Formal Economy Recommendation, 2015 (No. 204)