Publication Type: 
Research on the EITI
Published Date: 
October, 2013

The direct economic impact of gold

As part of its work as the market development organisation for the gold industry, the World Gold Council commissioned PricewaterhouseCoopers LLP (PWC) to analyse the direct economic and fiscal contribution of gold in the world’s major gold producing and consuming countries. The key measures used are gross value added (GVA), which measures the contribution to gross domestic product (GDP), employment and taxes paid. This is the first time that the available evidence on the contribution of gold has been collated. As such, the report provides a baseline assessment of gold’s direct economic and fiscal contribution.