GDP 2022

According to preliminary estimation, the gross domestic product (GDP) in 2022 was 121,020.7 billion yuan, up by 3.0 percent over the previous year.

Of this total, the value added of the primary industry was 8,834.5 billion yuan, up by 4.1 percent over the previous year, that of the secondary industry was 48,316.4 billion yuan, up by 3.8 percent and that of the tertiary industry was 63,869.8 billion yuan, up by 2.3 percent.

The value added of the primary industry accounted for 7.3 percent of the GDP; that of the secondary industry accounted for 39.9 percent; and that of the tertiary industry accounted for 52.8 percent. The contribution of the final consumption expenditure to GDP growth rate was up by 1.0 percentage point, that of the gross capital formation to GDP growth rate up by 1.5 percentage points and that of the net exports of goods and services to GDP growth rate up by 0.5 percentage points.

The per capita GDP in 2022 was 85,698 yuan, up by 3.0 percent over the previous year. The gross national income in 2022 was 119,721.5 billion yuan, up by 2.8 percent over the previous year. The overall labor productivity was 152,977 yuan per person, up by 4.2 percent over the previous year.

Gross Domestic Product (GDP) refers to the final value of products at market prices produced by all resident units of a country during a certain period of time. GDP is the core indicator of national accounts, and also an important indicator in the measurement of economic conditions and the level of development of a country.