The unemployment rate fell from 12.8% in 2000 to 5.3% in 2012 (IAC, 2014). In 2011, most of the employed labour force worked in services (55%), about one fifth in the industrial sector, and 27% in agriculture, although the latter only accounts for 5% of GDP (World Bank, 2012). The informal economy was estimated to account for 38% of GDP in 2007 (Schneider et al.,