Notes on Formalization

Trends in informal employment in Peru: 2004 – 2012

Non-agricultural informal employment in Peru declined from 75% in 2004 to 68.6% in 2012. The favourable economic cycle accompanied by job creation contributed to this decline, as did changes in the structure of employment in production areas and institutional factors such as the creation of e-payroll and tax incentives promoting the formalization of enterprises and employment.