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15 July 2015

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Hunan County-level Economy Increased by 8.2%

2019-11-27 Download Print Comment

Hunan county-level economy has made steady progress while seeking featured development and improving development quality. The Hunan Provincial Bureau of Statistics released the latest data on November 25, 2019. In 2018, the GDP of Hunan county-level regions was over 2.4 trillion CNY, an increase of 8.2% year on year and accounted for 67.3% of the provincial total.

County-level regions’ comprehensive strength has been significantly enhanced. In addition to the continued expansion of the economic scale, the proportion of the three industrial structures has been adjusted to 12.3: 42.9: 44.9. The proportion of the added value of the primary and secondary industries decreased by 0.5 and 2.3 percentage points respectively compared with the same period of last year, while that of the tertiary industry increased by 2.9 percentage points.

The quality of county-level economy has been generally improved. In 2018, the general public budget revenue of county-level regions was over 172.3 billion CNY, grew by 8.5% year on year and accounted for 35.6% of the provincial total. The general public budget expenditure was more than 434.8 billion CNY, up 10.2% year on year and accounted for 58.1% of the provincial total.

County residents’ sense of fulfillment has been simultaneously increased. In 2018, there were 95 counties and county-level cities’ urban residents with per capita disposable income of more than 20,000 CNY, accounting for 98.0% of the total. There were 72 counties and county-level cities’ rural residents with per capita disposable income exceeding 10,000 CNY, accounting for 74.2% of the total.

In the process of transformation and upgrading, the province's county-level investment and consumption have realized a two-way drive, which has provided a driving force for the steady development of the provincial economy. In 2018, the growth rate of investment in fixed assets in 84 counties and county-level cities surpassed the provincial investment growth rate, of which 21 counties and county-level cities exceeded 15%. The total retail sales of consumer goods in counties and county-level cities was over 925.1 billion CNY, an increase of 11.0%, with a faster growth than the provincial average. Of the total, there were 37 counties and county-level cities whose total retail sales of consumer goods exceeded 10 billion CNY.

This article is from Hunan Provincial Government

Translator: Yu Jiangjiang

Chinese source: