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Free State's Economic Structure from 1995 to 2014:
Note data is based on 2010 constant prices (effects of inflation removed), and its GDP at basic prices (excluding taxes and subsidies) Let the animation run, or select a year, and pause and resume as you see fit. |
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The Losers:
The Winners:
Interesting to note is the fact that government's contribution to the overall economy of the Free State increased slightly from 1995 to 2014. Due to other sectors growing at slower pace than government sector or has there been significant government expansion in Free State?
The big loser in Free State's economy is the Mining and quarrying sector. As gold mines in the region become deeper and more expensive and less profitable to mine, they are abandoned, leaving virtual ghost towns behind as they go.
Manufacturing, contarary to what was the case with the South African's animation has actually shown an increase over the years in Free State's economy.
Other winners of Free State's economy is the Agricultural sector. Greater need for food as the population grows has seent he importance of this sector increase in Free State's economy. As the province has vast expanses ideal for farming its no surprise this sector has grown in importance as the Mining and quarrying sector has dropped off.
- Mining and quarrying
The Winners:
- Agriculture
- Manufacturing
Interesting to note is the fact that government's contribution to the overall economy of the Free State increased slightly from 1995 to 2014. Due to other sectors growing at slower pace than government sector or has there been significant government expansion in Free State?
The big loser in Free State's economy is the Mining and quarrying sector. As gold mines in the region become deeper and more expensive and less profitable to mine, they are abandoned, leaving virtual ghost towns behind as they go.
Manufacturing, contarary to what was the case with the South African's animation has actually shown an increase over the years in Free State's economy.
Other winners of Free State's economy is the Agricultural sector. Greater need for food as the population grows has seent he importance of this sector increase in Free State's economy. As the province has vast expanses ideal for farming its no surprise this sector has grown in importance as the Mining and quarrying sector has dropped off.