Angola: Economic diversification contributes to informal market drop

The national economic diversification process underway the country has gradually contributed to decrease of the informal market, by generating employment opportunity to some economic agent of this sector.

This was said to the press on Wednesday in Luanda by the Angolan economist Manuel Nunes Júnior, when speaking about the importance of the book entitled “Informal Economy- the case of Angola”, released by the minister of Geology and Mining, Francisco Queirós.

The economist said that with the development of the agricultural and agro-industry sectors, as well as other production areas in the country, the number of employment has increased, thus absorbing most part of the informal market agents.

According to him, the informal economy, as it is not regulated by the State, does not fulfil with its fiscal duties and the profits generated by this activity are not included in the statistics of the Gross Domestic Product (GDP) of the country.

Source: Angop