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SZ's GDP ranks 3rd nationwide

2018-02-05

THE GDP of Shenzhen saw a year-on-year growth of 8.8 percent and reached 2.24 trillion yuan (US$356 billion) last year, ranking third among all large and medium-sized cities nationwide, the Shenzhen Special Zone Daily reported Friday.

According to data released by the city's statistics bureau Thursday, Shenzhen's GDP per capita was 183,100 yuan last year.

The added value of the city's primary industry was 1.8 billion yuan last year, soaring by 52.8 percent compared with 2016. The added values of secondary and tertiary industries both grew by 8.8 percent to 926.6 billion yuan and 1.3 trillion yuan, respectively.

"The city's quality and stable economic growth mainly benefited from the development of the city's real economy, which is represented by the industrial manufacturing industry," the bureau's spokesperson said, adding that the city's added value of industries above a designated scale was 808 billion yuan last year, the highest since 2014.

It's also notable that the added value of the advanced manufacturing industry in Shenzhen was 574.3 billion yuan last year, up by 13.1 percent compared with 2016. The added value of the high-tech manufacturing industry was 530.2 billion yuan, with a year-on-year growth of 12.7 percent.

The city's fixed-asset investment was 514.7 billion yuan last year, setting the highest record since 1994. It consisted of property development investment of 213.5 billion yuan and nonproperty development investment of 301.1 billion yuan.

Retail sales of consumer goods in Shenzhen totaled 601.6 billion yuan last year, up by 9.1 percent compared with 2016. Customs statistics showed that the total value of exports and imports in Shenzhen was 2.8 trillion yuan last year, with export value at 1.65 trillion yuan and import value at 1.14 trillion yuan.

According to the report, the city's public budgetary revenue was 333.2 billion yuan last year, including tax revenue of 265.4 billion yuan. The city's public budgetary expenditure was 459.4 billion yuan, with a year-on-year growth of 9.1 percent.

Source:Shenzhen Daily

 
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