Indos
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Wherever you travel in rural Pakistan, you get this feeling that vast amount of industries and businesses are either unregistered or not registered properly.
You start thinking that how a nation of 230 million that has so much industry wherever you go, has such a low Nominal GDP. It doesn't add up.
In any developing country, the situation is similar. In Indonesia, 60.6 percent GDP is contributed by medium, small, and micro business while majority of the business are in informal economy ( dont pay tax and dont register their business).
We have had economic census around 2017 so we know now the exact statistic, despite so there is no extraordinary add up on our economic growth that year and the next year, the growth is still normal at 5 % until 2019 and drop in 2020 due to pandemic. I still think the economist somehow can calculate them through the money circulation figure.
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