Economy of Gauteng
From Wikipedia, the free encyclopedia
The Gauteng Province's total GDP for 2010 was R811 billion, making the province the single largest contributor to South Africa's GDP with a contribution of 33.8%,[1][7] despite having only 1.4% of South Africa's land area.[8] Gauteng also generates approximately 10% of the entire African continent's GDP.[8] Gauteng's Gini coefficient of 0.62 makes it more equal than South Africa (the Gini coefficient of which is 0.63 (2014)[9]) as a whole, although this is still a very high figure by international standards. The cities Johannesburg, Midrand and Pretoria, which are all economic powerhouses, and Vanderbijlpark, which is an industrial powerhouse,[10] are all in Gauteng.
Currency | South African Rand (ZAR) |
---|---|
Statistics | |
GDP | R 811 billion (2010)[1] US$112 billion (2009) |
0.62 (2007)[2] | |
Labour force | 5.1 Million (2009)[3] |
Unemployment | 23.7% (2009)[4] |
Public finances | |
Revenues | R261 billion (2011/12)[5] |
Expenses | R76.9 billion (2013/14)[6] |
Gauteng is home to the Johannesburg Stock Exchange,[11] the largest stock exchange in Africa, as well as the head offices of over 140 local and international banks.[1] Some of the largest companies in Africa and abroad are based in Gauteng, or have offices and branches there, such as Vodacom,[12] MTN,[13] Microsoft South Africa[14] and the largest Porsche Centre in the world.[15]