page_title: Economy of the Western Cape
section_title: History
hierarchical_section_title: Economy of the Western Cape / History
caption_attribution_description: English: A line chart on the Gross Domestic Product Regional of the Western Cape from 2000-2016. Used from data supplied from Stats SA and the Western Cape government.
context_page_description: The economy of the Western Cape in South Africa is dominated by the city of Cape Town, which accounts for 72% of the Western Cape's economic activity in 2016. The single largest contributor to the region's economy is the financial and business services sector, followed by manufacturing. Close to 30% of the gross regional product comes from foreign trade with agricultural products and wine dominating exports. High-tech industries, international call centres, fashion design, advertising and TV production are niche industries rapidly gaining in importance.
  The Western Cape province had a total GDP for 2016 of R424.38 billion growing from R268.26bn in 2008. In 2016 the economy grew by 2.7% with an annual inflation rate of 6.3%. The province accounts for 14% of South Africa's total GDP with Cape Town accounting for 9.9% of the country's total GDP in 2016. The Western Cape has a GDP per capita of R74,274 in comparison to the South African average of R55,609 per capita in 2016. At 19.7% the province has a substantially lower unemployment rate than the national average standing at 23.2% in 2009.
caption: The regional GDP growth rate of the Western Cape between 2001 and 2016.[17] 2009 saw a drop in GDP-R growth as the province was affected by the Late-2000s recession.
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