Gauteng generated 35.6%or an estimated R675 billion of the gross domestic production last year, consolidating its position as a single largest contributor to the economy of the country. Thus, even though Gauteng has the smallest land area of 1.4% in the country, its economy is more than twice that of KwaZulu-Natal or the Western Cape.
Gauteng also contributed 7.7% to the gross domestic product of the Africa, an indication of the province's importance as one of the economic hubs of the continent. This is according to the 2012 Provincial Economic Review and Outlook (PERO) that Finance MEC Mr. Mandla Nkomfe presented to the Gauteng Legislature today.
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