Top 10 largest regional economies in China 2011
- By Zhang Junmian
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E-mail China.org.cn, March 20, 2012
The gross domestic product (GDP) of the top 10 provincial regions on Chinese mainland in 2011 hit 31.23 trillion yuan (US$4.84 trillion), accounting for about 66 percent of the national total, according to the annual economic reports released recently by the National Bureau of Statistics (NBS) and the local governments.
Despite the complicated global economic environment, China maintained stable economic growth last year, with its GDP hitting 47.16 trillion yuan (US$7.3 trillion), 9.2 percent higher than that of 2010.
A total of 23 out of the 31 provincial regions on the Chinese mainland saw their GDP exceed 1 trillion yuan (US$154.83 billion) in 2011, with six more provinces hitting the 1 trillion mark last year.
Except Beijing, Shanghai and Zhejiang, the remaining 28 provinces registered double-digit growth, with the western provinces posting higher growth rate than the eastern and central provinces. Chongqing and Tianjin posted the highest growth rates of any region at 16.4 percent.
Guangdong, Jiangsu and Shandong cemented their spots as China's economic leaders for the third consecutive year, with Guangdong topping the GDP rankings with of 5.27 trillion yuan (US$815.94 billion), a 10 percent increase over 2010 and the first province in China to exceed 5 trillion yuan (US$774.14 billion).
Shanghai ranked 11th in 2011 with 1.92 trillion yuan (US$297.27 billion), followed by Fujian at 1.74 trillion yuan (US$269.4 billion) and Beijing at 1.6 trillion yuan (US$247.72 billion).
The provinces or regions that posted the lowest GDP include Tibet at 60.58 billion yuan (US$9.38 billion), Qinghai at 163.47 billion yuan (US$25.31 billion) and Ningxia at 206 billion yuan (US$31.89 billion).
The country's per capita GDP rose from 29,992 yuan (US$4,430) in 2010 to about 35,000 yuan (US$5,419) in 2011, a 16.7 percent increase. China surpassed Japan as the world's second largest economy in 2010.
Also read: Top 10 richest provincial regions in China 2011
Top 15 competitive regional economies in China 2011
Top 10 provincial regions with highest GDP quality
Notes:
1. Calculations of GDP per capita in 2011 were based on the provincial region's permanent population by the end of 2011 released by local governments.
2. RMB and the U.S. dollar exchange rate in 2010 and 2011 was based on the annual average central parity rate 6.7695 and 6.4588, respectively.
Here, China.org.cn lists the top ten provinces and regions in China by GDP in 2011.
Hubei 湖北
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Hubei [baidu.com] |
Growth rate: 13.8 percent
Rank 2011: 10
Rank 2010: 11
GDP per capita: 34,030 yuan (US$5,269)
Permanent population: 57.58 million
With its GDP of 1.959 trillion yuan (US$303.31 billion), Hubei Province climbed from 11th in 2010 to 10th in 2011. Its GDP grew by 13.8 percent in 2011, 4.6 percentage points more than the national average, the highest in the central part of China. Its GDP per capita rose from 27,906 yuan (US$4,122) in 2010 to 34,030 yuan (US$5,269) in 2011. In 2011, the province posted 18,374 yuan (US$2,845) in per capita disposable income of urban households and 6,898 yuan (US$1,068) in per capita net income of rural households, an increase of 14.4 percent and 18.3 percent, respectively. Hubei's GDP in 2011 was almost equivalent to that of Greece in 2010 at US$304.87 billion, which was ranked 32nd in the world by the World Bank.
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