GDP 2021

According to preliminary estimation, the gross domestic product (GDP) in 2021 was 114,367.0 billion yuan, up by 8.1 percent over the previous year with the average two-year growth of 5.1 percent.

Of this total, the value added of the primary industry was 8,308.6 billion yuan, up by 7.1 percent over the previous year, that of the secondary industry was 45,090.4 billion yuan, up by 8.2 percent and that of the tertiary industry was 60,968.0 billion yuan, up by 8.2 percent.

The value added of the primary industry accounted for 7.3 percent of the GDP; that of the secondary industry accounted for 39.4 percent; and that of the tertiary industry accounted for 53.3 percent. The contribution of the final consumption expenditure to GDP growth rate was up by 5.3 percentage points, that of the gross capital formation to GDP growth rate up by 1.1 percentage points and that of the net exports of goods and services to GDP growth rate up by 1.7 percentage points.

The per capita GDP in 2021 was 80,976 yuan, up by 8.0 percent over the previous year. The gross national income in 2021 was 113,351.8 billion yuan, up by 7.9 percent over the previous year. The overall labor productivity was 146,380 yuan per person in 2021, up by 8.7 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.