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Ningbo’s GDP of first three quarters exceeds one trillion yuan
- Details
- Category: Governmental News
- Published: Monday, 22 November 2021 12:49
On October 26, Ningbo Municipal Bureau of Statistics and the Ningbo Investigation Team of National Statistics Bureau released the city’s economic report for the first three quarters of this year. According to the preliminary accounting, Ningbo achieved a regional GDP of 1.03329 trillion yuan in the first three quarters, exceeding the trillion-yuan mark for the first time; The economic increase reached 157.1 billion yuan, exceeding that of the previous years.
Reportedly, despite the complex and severe domestic and international environment, since this year, the economic development of Ningbo has taken on a trend of steady growth and steady progress, with the production demand rebounding effectively, the emerging kinetic energy continuously enhancing, and the guarantee of people’s livelihood being solid and powerful. Calculated at the comparable prices, Ningbo’s GDP increased by 10.0% year-on-year in the first three quarters, 5.9% on average over the past two years. Both are higher than those of the whole country.
In terms of industries, the added value of the primary industry was 24.12 billion yuan, up by 3.4%, with an average growth of 2.7% over the past two years; the added value of the secondary industry was 488.68 billion yuan, up by 12.8%, with an average growth of 6.5% over the past two years; and the added value of the tertiary industry was 520.49 billion yuan, up by 8.0%, with an average growth of 5.5% over the past two years. The ratio of the three industries is 2.3:47.3:50.4, and the contribution rates of the three industries to GDP growth are 0.9%, 57.5% and 41.6% respectively.
