The
Western Cape's total
GDP for 2008 was
R268.26bn, making the province the joint second largest contributor to the country’s total GDP, at 14.3%. It also has one of the fastest growing economies in the country, growing at 4% in 2008 and is expected to grow by 3.2% in 2011. At 19.7% the province has a substantially lower unemployment rate than the national average standing at 23.2% in 2009. The province's
Gini coefficient of 0.58 in 2010 is lower than South Africa's Gini coefficient of 0.65 (for 2011) making it more equal than the rest of the country whilst still being extremely high and unequal by international standards.