According to Quantec Easydata, the Drakenstein economy was valued at R33.6 billion in 2024, reflecting steady growth from R32.5 billion in 2023 and R30.4 billion in 2022.
Top Contributing Economic Sectors (2024):
• Finance, Insurance, Real Estate, and Business Services: R9.17 billion (27.3%)
• Wholesale, Retail Trade, Catering, and Accommodation: R5.355 billion (15.9%)
• Manufacturing: R5.340 billion (15.8%)
• Community, Social and Personal Services: R3.9 billion (11.6%)
• Transport, Storage and Communication: R2.5 billion (7.6%)
• Agriculture, Forestry and Fishing: R2.5 billion (7.0%)
• General Government Services: R1.9 billion (5.7%)
• Construction: R1.6 billion (5.0%)
Employment Overview (2024):
A total of 111,966 people were employed in Drakenstein in 2024. Employment was distributed as follows:
• Wholesale, Retail Trade, Catering, and Accommodation: 24,603 jobs
• Community, Social and Personal Services: 22,548 jobs
• Finance, Insurance, Real Estate, and Business Services: 18,935 jobs
• Agriculture, Forestry, and Fishing: 18,637 jobs
Unemployment Trends:
Narrow Unemployment Rate:
• 2022: 19.9%
• 2023: 17.1%
• 2024: 17.4%
Youth Unemployment Rate (Ages 15–34):
• 2022: 28.3%
• 2023: 24.8%
• 2024: 25.1%