Yantai's economy expanded 6.1 percent in 2025, outpacing both national and provincial averages, with its gross domestic product exceeding 1.1 trillion yuan ($158.1 billion).

The city's industrial sector, designated as a "flagship engine", led the growth with large-scale industrial value-added output rising 13.5 percent, the fastest in Shandong province. 

Key industrial projects, including the Yulong Island refining and chemical integration complex, drove manufacturing growth. Major developments in sectors like petrochemicals, new materials, and new energy underpinned the city's industrial acceleration and strengthened its role as a key economic contributor to the province.

The city's economic performance was further supported by resilient domestic consumption and robust foreign trade. Retail sales grew 5.8 percent, boosted by consumer upgrade incentives, while total foreign trade jumped 13.7 percent, highlighted by a jump in machinery and electronics exports.

Complementing its economic growth, Yantai increased spending on public welfare, directing nearly 80 percent of its general fiscal expenditure toward people's livelihood programs. The funding covered employment support, education, elderly care, and urban renewal, reinforcing the link between economic development and social well-being.