|
Gauteng's Economic Structure from 1994 to 2015:
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. |
Related Topics
|
The Losers:
The big loser in Gauteng's economy is the Manufacturing sector. The sector made up roughly 20% of Gauteng's economy in 1995. That has dwindled down to around16% in 2014. Just showing how the Manufacturing sector is losing steam in South Africa. Our recent blog on manufacturing output shows we only using around 80% of manufacturing capacity currently.
Another loser is the Government sector. We suspect thats not due to government sector decreasing but rather other sectors growing at a faster rate than the Government sector.
On the winning side there is a couple, Finance, Real Estate and business services showed very strong growth as was the case with South Africa as a whole (see South Africa GDP animation). Gauteng is the financial hub of Africa so no surprise this sector has been growing substantially. As people migrate to Gauteng looking for work, the demand for real estate and other busines services increases pushing this sector ever higher in terms of its importance, not only in Gauteng but in South Africa.
The Transport, Storage and Communication sector in Gauteng has shown very strong growth too. Largely due to OR Tambo international airport seeing signifcant growth and activity increases over the last 20 years. Ekurhuleni publicly stating they want to make their municipality an "aerotropolis".
Seeing as Gauteng contributes the most to South Africa's economy. Whatever happens to Gauteng's industry is likely to be reflected in the South Africa's overall industries.
- Manufacturing
- Government
- Finance, Real Estate and Business Services
- Transport, Storage and Communication
The big loser in Gauteng's economy is the Manufacturing sector. The sector made up roughly 20% of Gauteng's economy in 1995. That has dwindled down to around16% in 2014. Just showing how the Manufacturing sector is losing steam in South Africa. Our recent blog on manufacturing output shows we only using around 80% of manufacturing capacity currently.
Another loser is the Government sector. We suspect thats not due to government sector decreasing but rather other sectors growing at a faster rate than the Government sector.
On the winning side there is a couple, Finance, Real Estate and business services showed very strong growth as was the case with South Africa as a whole (see South Africa GDP animation). Gauteng is the financial hub of Africa so no surprise this sector has been growing substantially. As people migrate to Gauteng looking for work, the demand for real estate and other busines services increases pushing this sector ever higher in terms of its importance, not only in Gauteng but in South Africa.
The Transport, Storage and Communication sector in Gauteng has shown very strong growth too. Largely due to OR Tambo international airport seeing signifcant growth and activity increases over the last 20 years. Ekurhuleni publicly stating they want to make their municipality an "aerotropolis".
Seeing as Gauteng contributes the most to South Africa's economy. Whatever happens to Gauteng's industry is likely to be reflected in the South Africa's overall industries.