Definition: Non-observed economy

SNA

The term "Non-observed economy" is used to describe activities that, for one reason or another, are not captured in regular statistical enquiries (§ 6.39).
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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