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WCNA's GDP reaches $33 billion in H1

2023-08-09

The Qingdao West Coast New Area (Qingdao WCNA) had a gross domestic product (GDP) of 237.94 billion yuan ($33.01 billion) in the first half of the year, the highest among all districts in Qingdao, East China's Shandong province.

In terms of industries, the added value in the primary sector hit 4.55 billion yuan, a year-on-year growth of 3.4 percent. The secondary sector recorded an added value of 78.19 billion yuan, a 4.8 percent year-on-year growth. For the tertiary sector, its added value amounted to 155.2 billion yuan, a 6.7 percent year-on-year growth.

The six sectors that the Qingdao WCNA focuses on — industry, wholesale and retail trade, transportation, warehousing and postal services, for-profit services, construction, and non-profit services — accounted for 94.32 percent of the GDP in the first half of the year. The wholesale and retail trade sector had an added value of 59.07 billion yuan.

Notably, the top 50 industrial enterprises above designated size in the area accounted for 67 percent of the total output value of industrial enterprises above designated size in the area, a year-on-year growth of 3.1 percent.

The digital economy in the area also made significant progress. From January to May, the information transmission, software, and information technology services industry above designated size experienced a growth of 19.2 percent. The scientific research and technology services industry recorded an impressive growth rate of 36.5 percent.

From January to May, the operating income of the cultural, sports, and entertainment industry was 880 million yuan, a year-on-year growth of 20.4 percent.