GCR economy: regional GDP

GDP data for South Africa and GDP-Regional (GDP-R) data for Gauteng showed a dip in 2009. This reflects the impact of the international financial crisis which led to the global recession. Prior to 2009, GDP-R for Gauteng had been on an upward trend, increasing by 6% between 2006 and 2007 and by 4% between 2007 and 2008. Then in 2009 it experienced a negative GDP-R growth of -1.3%. Major contributors to the decline were manufacturing and mining/quarrying which fell by -12.4% and -5.5%, respectively. The quarterly value added for these sectors also fell in 2009 by -15.1% and -9.5%, respectively between July 2008 and June 2009. These fluctuations show the extent to which the GCR economy is both connected to the rest of the world and vulnerable to global economic shocks.

GDP-R annual % change: Gauteng *