Gold mining contributes $171.6 billion to global economy: World Gold Council

The World Gold Council’s recently released report, “The social and economic impacts of gold mining”, found that the gold mining industry contributes $171.6 billion to the global economy.   

Published by the gold industry’s market development organization, the report examines the wider social and economic footprint of gold mining and its implications for growth and development.

Other findings include:

  • 70% of total expenditures by gold mining companies remain in the host country (payment to suppliers, contractors and employees)
  • 1 million people are directly employed by the gold mining industry, and rises to 4.2 million employed as a result of procurement activities

Read more here: http://www.gold.org/gold-mining/economic-contribution/social-economic-impact