Fujian's GDP Increased by 4.6% in the First Half of This Year

From:Fujian International Investment Promotion Center Date:2022-08-01【Font:large regular

The journalist learned from the Fujian Provincial Bureau of Statistics on July 22 that according to the unified calculation of gross domestic product (GDP), Fujian's GDP in the first half of this year stood at 2.460536 trillion yuan, up by 4.6% year-on-year based on comparable price, 2.1 percentage points higher than the national average. The province's GDP in the second quarter registered 1.2746 trillion yuan, up by 2.6% year-on-year, 2.2 percentage points higher than the national average. From the perspective of the whole country, the GDP growth of Fujian Province ranked only behind Ningxia, Shanxi, Jiangxi, Xinjiang and Tibet, while taking the lead among eastern provinces.

In terms of the three industries, the value-added of Fujian Province's primary industry stood at 114.330 billion yuan, up by 4.8%; the value-added of the secondary industry at 1.177143 trillion yuan, up by 5.4%; and the value-added of the tertiary industry at 1.169063 trillion yuan, up by 3.8%. 

Agricultural production grows steadily and moderately

Production of major agricultural products maintains growth

The total output of the farming, forestry, animal husbandry, and fishery industries registered 208.183 billion yuan in the first half of the year, with a year-on-year growth of 4.6% based on the comparable price, 0.3 percentage points higher compared to the first quarter in terms of growth rate.

Industries above the designated size grow steadily

Over half of the industrial products realize growth

The added value of Fujian Province's industries above the designated size grew by 6.5% year-on-year in the first half of the year.

The Service industry maintains growth

Producer service industry shows sound momentum

The added value of the service industry in the first half of this year increased by 3.8% year-on-year.

The consumer market remains stable on the whole

Online retail sales take a larger share

The total retail sales of consumer goods of Fujian Province in the first half of this year stood at 1.045605 trillion yuan, up by 3.0% year-on-year.

Investment in fixed assets exceeds one trillion yuan

Investment in the manufacturing industry generates strong support

Fujian's investment in fixed assets in the first half of this year exceeds one trillion yuan with a paid-in investment of 1.079190 trillion yuan, up by 9.2% year-on-year. The investments in the three industries grow by 37.6%, 16.6%, and 5.1% respectively.

Employment remains generally stable

Residents' income grows constantly

In the first half of this year, Fujian's number of newly employed persons in the urban areas registered 259,600, and the number of re-employed persons stood at 43,600. The per capita disposable income of residents in Fujian stood at 22,594 yuan with a year-on-year nominal growth of 5.5% and actual growth of 4.0% after deducting the price factor.

In terms of the usual place of residence, the per capita disposable income of urban residents registered 28,948 yuan with a year-on-year nominal growth of 4.6% and an actual growth of 3.1%; the per capita disposable income of rural residents stood at 11,977 yuan with a year-on-year nominal growth of 7.1% and an actual growth of 6.0%. The ratio of per capita disposable income of urban and rural residents was 2.42, shrinking by 0.05 compared to the same period in the previous year.

Fiscal revenue grows steadily

Financial support remains strong

In the first half of this year, Fujian's general public budget revenue stood at 307.204 billion yuan, witnessing an increase of 2.5% after deducting the factor of a value-added tax credit refund. The growth rate picked up by 1.3 percentage points compared with that from January to May. Wherein, the revenue in local governments' general public budgets was 195.977 billion yuan, with an increase of 6.7%; the expenditures in the general public budget registered 272.930 billion yuan, with an increase of 4.1%.

By the end of June, Fujian's total RMB & foreign currency deposits balance stood at 7.101738 trillion yuan, up by 14.5% year-on-year, 0.3 percentage points higher than the end of May in terms of the growth rate; the balance of loans registered 7.325209 trillion yuan, up by 15.2% year-on-year, 0.6 percentage points higher than the end of May in terms of the growth rate.


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