15 Economies Where Gold Mining Is A Huge Deal

October 16, 2013 at 08:59

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A report by PWC and The World Gold Council entitled ‘The Direct Economic Impact of Gold’ looks at the  global gold trade and its impact on the world economy.

According to the report, the 15 largest gold producing countries accounted  for around 75% of global output. In 2012, these countries generated a gross  value added (GVA) approximately equal to the GDP of Ecuador or Azerbaijan   and 30% of the estimated GDP of Shanghai.

Gross Value Added refers to the “economic  contribution of those entities engaged in the gold value chain and reflects  their contribution to the economies in which they operate – and  employment,” according to the report.

Here is a chart that shows the top 15 gold producers and the value of their  GVA in $ billions as well and as a percent of their GDP.

Read more:  http://www.businessinsider.com/the-top-15-gold-producers-in-the-world-2013-10#ixzz2hrzY0iJS