With the release of Tibet’s economic performance in the first quarter of 2022 on May 1, the first quarter GDP data of 31 provinces have all been released. Here we will present rankings of GDP of provinces and cities in China 2022Q1.
In terms of total volume, Guangdong, Jiangsu, and Shandong are firmly in the top three; in terms of growth rate, 23 provinces are higher than the ‘national line’, and Xinjiang performed the best, with a growth rate of 7.0%.
From the perspective of total GDP, the status of the economic head provinces is still difficult to shake. The three provinces of Guangdong, Jiangsu and Shandong are firmly in the top three, with GDP in the first quarter of 2849.9 billion yuan, 2785.9 billion yuan and 1992.7 billion yuan respectively. Zhejiang, Henan, and Sichuan are still close behind, ranking 4th-6th in the country.
According to statistics, there are 11 provinces with GDP exceeding one trillion yuan in the first quarter, namely Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Sichuan, Fujian, Hunan, Hubei, Anhui, and Shanghai, 3 more than the same period last year, namely Hubei ( 1080.5 billion yuan), Anhui (1034.8 billion yuan), and Shanghai (1001.0 billion yuan).
In the first quarter, the gap between Jiangsu and Guangdong, which ranked second in terms of GDP, narrowed further, from 138.4 billion yuan in the same period last year to 64 billion yuan this year. Data show that Guangdong’s GDP grew by 3.3% year-on-year in the first quarter, 1.3 percentage points lower than Jiangsu’s 4.6% growth rate.
The Guangdong Provincial Bureau of Statistics said that in the first quarter, Guangdong actively responded to the impact of local epidemics on production and life, thoroughly implemented various policies and measures to stabilize growth, and the overall economic operation was stable. However, it should also be noted that the current domestic and international environmental complexity and uncertainties are increasing, and the pressure for steady economic recovery is increasing. In the next step, we must coordinate the prevention and control of the epidemic and economic and social development, adhere to the principle of stability and seek progress while maintaining stability, put stable growth in a more prominent position, do a solid job of social stability work, and keep the economy running at a stable level. reasonable range.
In addition, compared with the whole year of 2021, in the first quarter of 2022, Anhui’s GDP surpassed Shanghai with an advantage of 33.7 billion yuan, ranking tenth in the country. Data show that Anhui’s GDP in the first quarter was 1034.8 billion yuan, a year-on-year increase of 5.2%. In the first quarter, Shanghai’s GDP was 1,001.0 billion yuan, a year-on-year increase of 3.1%.
When interpreting the economic situation in the first quarter, Shanghai said that from January to February, the city’s economic operation started smoothly, but due to the impact of the sudden epidemic in March, the economic operation in the first quarter stabilized before and then decreased, and slowed down during stability. The next step is to actively coordinate epidemic prevention and control and social and economic development, implement various inclusive relief policies, ensure stable supply in the industrial chain, and make every effort to ensure basic people’s livelihood, ensure safe urban operation, and social stability and order.
According to data from the National Bureau of Statistics, according to preliminary calculations, China’s GDP in the first quarter of 2022 was 27017.8 billion yuan, a year-on-year increase of 4.8% at constant prices. Comparing this data, the GDP growth rate of 23 provinces in the first quarter was higher than the ‘national line’.
The 23 provinces are Xinjiang, Jiangxi, Fujian, Hubei, Guizhou, Shanxi, Tibet, Hunan, Hainan, Inner Mongolia, Heilongjiang, Sichuan, Yunnan, Gansu, Shandong, Anhui, Hebei, Chongqing, Ningxia, Zhejiang, Shaanxi, Qinghai, Guangxi. In addition, Beijing’s GDP in the first quarter increased by 4.8% year-on-year, the same as the national growth rate.
Xinjiang ranked first with a GDP growth rate of 7.0% in the first quarter. The Xinjiang Uygur Autonomous Region Statistics Bureau said that in the first quarter, Xinjiang’s economy performed better than expected, and the growth of major indicators achieved a good start. In terms of industries, the primary, secondary and tertiary industries increased by 5.9%, 7.3% and 6.9% respectively. In addition, in the first quarter, Xinjiang’s total investment in fixed assets (excluding farmers) increased by 24.8% over the same period of the previous year. Among them: manufacturing investment increased by 32.0%, real estate development investment increased by 9.4%. The sales area of commercial housing increased by 16.2%, and the sales volume of commercial housing increased by 24.9%.
In addition to Xinjiang, there are 8 provinces with a GDP growth rate of 6% or above, namely Jiangxi, Fujian, Hubei, Guizhou, Shanxi, Tibet, Hunan, and Hainan.
At the other end of the ranking, Jilin’s GDP fell by 7.9% year-on-year in the first quarter, making it the only province with negative growth. Data from the Jilin Provincial Bureau of Statistics shows that in the first quarter of 2022, the added value of Jilin’s primary industry was 17.540 billion yuan, a year-on-year increase of 2.8%; the added value of the secondary industry was 84.13 billion yuan, a year-on-year decrease of 11.6%; the added value of the tertiary industry was around 156 billion yuan, a year-on-year decrease of 7.5%.
Tianjin’s GDP grew by 0.1% year-on-year in the first quarter. The Tianjin Municipal Bureau of Statistics said that the city’s economic operation continued to grow in the first quarter. With the effective control of the epidemic, the implementation of stabilizing and bailout policies, and the resumption of production of various enterprises, the city’s economy will continue to recover steadily.
How do you view China’s economic performance in the first quarter? The person in charge of the relevant department said that since the beginning of this year, the international situation has become more complex and severe, and the domestic epidemic has also shown the characteristics of multiple, widespread and frequent occurrences, and the impact on the economic operation has increased. Facing the complicated situation, all regions and departments focused on stabilizing the macroeconomic market and effectively responded to risks and challenges. The national economy continued to recover, and the start was generally stable.
