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Guangzhou GDP up 8.2% to 1.96 trillion RMB in 2016

2017-January-26       Source: Newsgd.com

The GDP in Guangzhou hits 1.96 trillion yuan (284 billion USD) in 2016, up 8.2% year on year, according to the municipal statistics bureau on Jan 24.

The GDP in Guangzhou hits 1.96 trillion yuan (284 billion USD) in 2016, up 8.2% year on year, according to the municipal statistics bureau on Jan 24.

The city's GDP growth rate outpaces both Guangdong Province (7.5%) and China (6.7%). Also, the import and export volume up 3.1% compared with the provincial total (-0.8%) and national total (-0.9%).

Last year the breakdown of Guangzhou's three industries was 1.22 : 30.22 : 68.56. The tertiary industry (service industry) takes up 77% of the city's economic growth.

In addition, consumption and investment contributed a lot for the city's economic development. The fixed-asset investment up 8% to 570.3 billion yuan and the retail sales of consumer goods up over 9% to 870.6 billion yuan.

Editor: Will

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