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Zhongshan's 2020 GDP up 1.5% YOY
Updated: 2021-02-01    Source: Zhongshan Daily Large Medium Small Print

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Though faced with severe and complicated circumstances domestically and abroad, especially the serious impact of COVID-19, promising results have still been achieved in revitalizing Zhongshan's economy. In 2020, Zhongshan's GDP totaled 315,159 million yuan, up 1.5% from 2019.

In 2020, the added value of the primary industry was 7.157 billion yuan, a 17.5% increase from 2019; the added value of the secondary industry was 155.678 billion yuan, a 1.4% increase from a year earlier; and the added value of the tertiary industry was 152.325 billion yuan, a 1.1% increase from 2019.

In 2020, the added value of the industrial enterprises above designated size in Zhongshan totaled 117.619 billion yuan, up 2.2% year on year. The total added value of machinery, advanced manufacturing and equipment manufacturing increased by 43.2%, 9.7% and 6.7% respectively. Industrial enterprises above designated size in Zhongshan made a total profit of 29.408 billion yuan, 16.8% more than 2019.

In 2020, Zhongshan's fixed asset investment totals reached 111.797 billion yuan, a 21.5% increase from a year earlier, reaching the highest level since 2011.

The total retail sales of consumer goods in Zhongshan throughout the whole year were worth 140.720 billion yuan, down 13.0% from 2019. However, the retail sales of various commodities saw a rebound, with mechanical and electrical products and equipment, furniture, beverages, as well as traditional Chinese and Western medicine increasing 15.1%, 6.4%, 3.9%, and 2.8% respectively.

Zhongshan's total import and export volume was 220.920 billion yuan in 2020, a 7.4% decrease from a year earlier. General trade exports totaled 112.590 billion yuan, accounting for 62.0% of the total exports.

Zhongshan's total agricultural output value increased by 17.7% from 2019. The annual per capita disposable income of Zhongshan residents was 52,754 yuan, an increase of 4.5%, or 1.9% after adjusting for inflation. Zhongshan's consumer price index (CPI) rose by 2.6%, which was lower rate of increase than that in 2019.

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