Dagga: taking SA’s GDP higher

2009-11-16 00:00

JOHANNESBURG — Cannabis farming now forms an official part of the agricultural sector, even if illegal. It will be included in future calculations of the gross domestic product (GDP).

And prostitution falls within the personal services sector. This is a logical consequence of Statistics South Africa’s decision to include illegal and underground economies in the country’s GDP.

And, believe it or not, their inclusion is global practice. After all, they do contribute to a country’s economy.

Economists have long considered that South Africa’s GDP could be as much as R100 billion bigger than that currently reflected.

The adjustments will change the relative size of the economy sectors, and their contributions to growth. Sectors that contrac­ted in the past may now grow.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.