The Chart Below shows the changes in gross domestic product in the Western Cape during the years 2000 and 2010

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The Chart Below shows the changes in gross domestic product in the Western Cape during the years 2000 and 2010

The line graph illustrates the percentage variation of gross domestic product (GDP) growth in the Western Cape over the years 2000 to 2010. Overall, the GDP growth remained stable having a sharp increase in 2003 and 2004 but, declined drastically after 2007 and started recovering after 2009.

From 2000 to 2003 the GDP growth had some ups and downs but comprehensively it declined slightly from 4% to a little over 3% during this period. The GDP then started to rise sharply from 2003 to 2004 reaching between 5% and 6%. It then remained somewhat stable and plateaued till 2007, reaching the highest in the decade of 6%.

However, after 2007 the GDP growth started declining and by 2009 it drastically reached lowest of the period of about –1.5%. From 2009 it started to improve and had a sharp inclination. By 2010 the GDP growth was recovering and rosed up to a little over 2%.

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2020-12-20 mammar93 view