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  You are here : Home / Gauteng's Economy

Gauteng Economy

Gauteng’s Economy: Johannesburg, Africa's powerhouse

Johannesburg is the largest single metropolitan contributor to the national economic product in South Africa. The national average growth in the gross domestic product (GDP) has been 1,8% over the last 10 years and Johannesburg has marginally outpaced that growth with an average 2% growth per annum over the last ten years.
•  The city's contribution to the national economy is almost 16% and to the economy of Gauteng, 40%.
•  Per capita gross geographic product (GGP) in Johannesburg is R31 000. This compares to World Bank-designated middle-income countries whose average GGP per capita is R33 000.
•  The city's GGP is R86 billion (1995 rands).
•  The average annual income per household is R31 048, which is on average 57% higher than that for South Africa as a whole, and 9% higher than the GGP per capita for Gauteng.

Johannesburg’s economy is made by four sectors, three of which are service sectors. The four key sectors of Johannesburg are:

•  financial and business services
•  retail and wholesale trade
•  community and social services and
•  the manufacturing sector.

Source: Integrated Development Plan 2003/04


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