declared economy
[dɪˈklɛrd ɪˈkɑnəmi]
nounpl: declared economies
economia declarada
1. The portion of a country's economic activity that is officially reported, measured, and taxed by government authorities, as opposed to the informal or underground economy
The declared economy grew by 3% last year according to official GDP statistics.
A economia declarada cresceu 3% no ano passado de acordo com as estatísticas oficiais do PIB.
2. Economic activity that is transparently documented and subject to government regulation and taxation
Most large corporations operate within the declared economy and submit regular financial reports.
A maioria das grandes corporações opera dentro da economia declarada e apresenta relatórios financeiros regulares.
This term is particularly relevant in Brazil and other emerging economies where the informal/shadow economy represents a significant portion of overall economic activity. Brazilian government agencies frequently distinguish between the 'economia declarada' and 'economia informal' when discussing economic policy and tax collection strategies.
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