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NON-OBSERVED ECONOMY (NOE)

Statistics Directorate    
Definition:
The groups of activities most likely to be non-observed are those that are underground, illegal, informal sector, or undertaken by households for their own final use. Activities may also be missed because of deficiencies in the basic statistical data collection programme.

Context:
The groups of activities are referred to (in the NOE Handbook) as the problem areas. Activities not included in the basic data because they are in one or more of these problem areas are collectively said to comprise the non-observed economy (NOE).

Source Publication:
Measuring the Non-Observed Economy: A Handbook, OECD, IMF, ILO, Interstate Statistical Committee of the Commonwealth of Independent States, 2002, Annex 2, Glossary.

Hyperlink:
http://www.oecd.org/dataoecd/9/20/1963116.pdf

Statistical Theme: National accounts

Created on Thursday, November 15, 2001

Last updated on Wednesday, February 4, 2004