← Back to Fala2Me

official economy

[/əˈfɪʃəl ɪˈkɒnəmi/]
nounpl: official economies
economia oficial
1. The part of a country's economy that is formally recorded, taxed, and regulated by government authorities, as opposed to the informal or underground economy
The official economy includes all registered businesses and wage-earning employment.
A economia oficial inclui todos os negócios registrados e o emprego assalariado.
2. Economic activity that is tracked in national accounts and GDP calculations
GDP measures only transactions within the official economy.
O PIB mede apenas as transações dentro da economia oficial.
Synonyms
formal economyregulated economyrecorded economylegitimate economy
Antonyms
informal economyunderground economyblack marketshadow economyinformal sector

Regional Variations

General Brazilian
economia oficial
standard usage throughout Brazil
Portugal
economia oficial
standard usage in European Portuguese

Related Idioms & Phrases

above board
on the books
legitimate business
regulated sector
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →