Economic Data

Economy: Africa's powerhouse

Johannesburg is the largest single metropolitan contributor to the national economic product. National average growth in gross domestic product (GDP) has been 1,8% over the past 10 years, with Johannesburg marginally outpacing that growth with an average  rowth per annum of 2%. 

  • The city's contribution to the national economy is almost 16%, while it is 40% to the Gauteng province. 
  • 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.
 
The city's economy is dominated by four sectors, three of which are service sectors. The four key sectors are: 
 
  • financial and business services;
  • retail and wholesale trade;
  • community and social services; and
  • the manufacturing sector.

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