Yantian’s GDP increases 7.1% in H1

From: Shenzhen Daily | Updated:2023-08-10

According to the accounting results of Shenzhen’s regional GDP, in the first half of 2023, Yantian District’s GDP was 41.07 billion yuan, showing a year-on-year increase of 7.1%. This represents a 0.6 percentage-point growth compared to the first quarter, indicating that the district’s economy is stable and improving.

A breakdown of the GDP figures reveals that the added value of the primary, secondary and tertiary industries was 25 million yuan, 6.86 billion yuan and 34.18 billion yuan. These figures reflect year-on-year increases of 40.5%, 5.5% and 7.3%.

In the first half of the year, the added value of industries above a designated size in Yantian District increased by 5% year on year, surpassing the growth rate in the January-May period by 0.9 percentage points. Furthermore, the district’s fixed asset investment experienced rapid growth, with a year-on-year increase of 11.6%. The total retail sales of consumer goods was 8 billion yuan, marking a year-on-year increase of 13.4%.

The role of consumption in driving the economy has further strengthened. By the end of June, the total balance of domestic and foreign currency deposits and loans held by financial institutions in Yantian District reached 210 billion yuan, an increase of 15.8% over the same period last year.