No. 18 Biggest Shadow Economy: Armenia

Percent of GDP in Shadow Economy: 51.7
Official GDP: $16.18 billion

Population: 2,966,802
Labor Force by Occupation: N/A

Industries: diamond-processing, metal-cutting machine tools, forging-pressing machines, electric motors, tires, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewelry manufacturing, software development, food processing, brandy

Exports: pig iron, unwrought copper, nonferrous metals, diamonds, mineral products, foodstuffs, energy