Official Concept and Definition

Informal Sector (Conceptual Definition)

Definition

The informal sector consists of "units"; engaged in the production of goods and services with the primary objective of generating employment and incomes to the persons concerned in order to earn a living. These units typically operate at a low level of organization, with little or no division between labour and capital as factors of production. It consists of household unincorporated enterprises that are market and non-market producers of goods as well as market producers of services. Labor relations, where they exist, are based on casual employment, kinship or personal and social relations rather than formal or contractual arrangements

Formula
PSS Agency PSA
Source/s

PSA

https://psa.gov.ph/ISSiP/concepts-and-definitions
Indicators / Statistics Being Generated Informal Sector
PSA Board Resolution PSA Board Resolution No 01, Series of 2017 - 088
https://psa.gov.ph/article/nscb-resolutions-series-2002-no-15-adoption-official-definition-informal-sector
Statistical Domain Economic Statistics
Statistical Activity Economic accounts

Official Concepts and Definitions

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