Home News Wuhan’s GDP will exceed 1.77 trillion yuan in 2021

Wuhan’s GDP will exceed 1.77 trillion yuan in 2021

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Wuhan’s GDP will exceed 1.77 trillion yuan in 2021

An increase of 12.2% over the previous year, the main indicators exceeded expectations

●In 2021, GDP will increase by 6.7% compared with 2019, with an average growth rate of 3.3% in the two years

●The per capita disposable income of urban residents was 55,297 yuan, an increase of 9.8%

Chutian Metropolis Daily Jimu News (Reporter Liu Shan correspondent Wang Meng) In the past year, Wuhan’s economic development has returned to the “main track”. Yesterday, the Wuhan Municipal Bureau of Statistics and the Wuhan Investigation Team of the National Bureau of Statistics jointly released the “2021 Economic Operation of Wuhan City”. Preliminary calculations show that Wuhan’s gross domestic product (GDP) in 2021 will be 1,771.676 billion yuan, an increase of 12.2% over the previous year, an increase of 6.7% over 2019, and an average two-year growth of 3.3%.

In terms of different industries, the added value of Wuhan’s primary industry in 2021 will be 44.421 billion yuan, an increase of 8.7% over the previous year; the added value of the secondary industry will be 620.834 billion yuan, an increase of 12.1%; the added value of the tertiary industry will be 1,106.421 billion yuan, an increase of 12.3%.

Fixed asset investment saw strong growth, and the pace of transformation and upgrading continued to accelerate. Last year, Wuhan’s fixed asset investment increased by 12.9% over the previous year, and the growth rate was 24.7 percentage points higher than the previous year. In terms of investment fields, infrastructure investment increased by 3.9%, real estate development investment increased by 17.2%, and industrial investment increased by 10.0%.

The consumer market recovered steadily. Last year, Wuhan achieved a total retail sales of 679.504 billion yuan of consumer goods, an increase of 10.5% over the previous year. From the perspective of industries, the sales (turnover) of the four industries of wholesale, retail, accommodation and catering in Wuhan increased by 12.4%, 19.0%, 23.7% and 42.9% respectively.

Fiscal revenue has grown substantially. Last year, Wuhan’s general public budget totaled 291.424 billion yuan, an increase of 21.8% over the previous year. Residents’ income increased steadily. The per capita disposable income of urban residents in Wuhan was 55,297 yuan, an increase of 9.8% over the previous year; the per capita disposable income of rural residents was 27,209 yuan, an increase of 13.1% over the previous year.

Consumer prices rose moderately. Last year, Wuhan’s consumer price (CPI) increased by 0.6% over the previous year. Among them, the city’s consumer price in December rose by 2.1% year-on-year, and decreased by 0.2% month-on-month. In terms of categories, the price of food, tobacco and alcohol decreased by 0.9% over the previous year, the price of clothing decreased by 0.3%, the price of housing increased by 0.3%, the price of daily necessities and services increased by 0.1%, the price of transportation and communication increased by 4.5%, and the price of education, culture and entertainment increased by 4.5%. 2.9%, health care prices fell 0.4%, and other supplies and services fell 2.7%.

Wuhan Municipal Bureau of Statistics believes that, in general, Wuhan’s economy in 2021 will achieve a “beautiful start and a wonderful year”, with major indicators exceeding expectations. At the same time, we must fully understand that the international environment is complex and severe, the domestic epidemic has spread in many places, and the triple pressures of shrinking demand, supply shock, and weakening expectations are superimposed, and the problem of unbalanced and insufficient development is still prominent.

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