Shandong's GDP rises 4% in Q1-3

Updated: Oct 31, 2022 Print
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A mechanical arm is in operation at an automobile manufacturing factory in Qingzhou, Shandong province, Aug 27, 2022. [Photo/IC]

In the first three quarters of this year, Shandong's GDP totaled 6.44 trillion yuan ($885.62 billion), up 4 percent year-on-year in constant prices, according to official statistics.

During this period, the added value of the province's primary industry hit 448.2 billion yuan, up 4.2 percent year-on-year. The added value of the secondary industry amounted to 2.57 trillion yuan, up 4.4 percent, while the figure for the tertiary industry raked in 3.43 trillion yuan, up 3.7 percent.

In the first three quarters of this year, the total output value of agriculture, forestry, animal husbandry and fishery industries in Shandong reached 840.19 billion yuan, up 4.7 percent year-on-year at comparable prices.

The added value of industrial enterprises above designated size increased by 5.3 percent year-on-year, 0.5 percentage points higher than that in the first half of the year.

The service sector also witnessed a steady recovery. From January to August, the operating revenue of the province's service industry above designated size reached 850.18 billion yuan, up 12.7 percent year-on-year.

From January to September, the province's fixed-asset investment grew 6.5 percent year-on-year. Investment in the manufacturing sector intensified, rising 15.1 percent and accounted for 28.1 percent of the total investment. Investment in high-tech manufacturing rose by 34.1 percent.

Shandong's foreign trade increased by 15.7 percent year-on-year to 2.44 trillion yuan, ranking sixth in the country, according to statistics from local customs authorities.

Social security for people's wellbeing continued to improve and overall employment was stable during the period. A total of 948,000 new urban jobs were created. The per capita disposable income of the province's residents was 28,768 yuan, up 5.3 percent. Investment in health and education increased 67.4 percent and 25.7 percent year-on-year, respectively. 

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