âWhen per capita income and per capita costs rise, higher labour productivity or higher output is needed. Its GDP per capita grew a jaw-dropping 24,569 percent between 1978 and 2014, and by 2016 its population stood at nearly 12 million. Shenzhen's growth somewhat even defies economic theory. Looking at Shenzhen's GDP growth powerfully demonstrates this: According to Xinhua, Shenzhen has seen its GDP grow 20.7 percent on average annually over the past 40 years with its GDP per capita starting at less than 1,000 U.S. dollars and reaching 30,000 dollars today. China's GDP was $14.4 trillion (99 trillion Yuan) in 2019. Shenzhen grew exponentially and its GDP per capita grew 24,569% from 1978 to 2014. 103 of Global Fortune 500 companies have operations in Shenzhen. China GDP per capita - values, historical data and charts - was last updated on March of 2021. The city is undergoing high-quality development, with its GDP per capita reaching 30,000 U.S. dollars, Chen told a press conference in Beijing. While Karamay, a small city from Xinjiang Uygur Autonomous Region is the richest city in China, followed by Erdos and Alxa League from Inner Mongolia. Comparing cities by GDP, GDP/capita, and the total number global companies located in a city only looks good on paper. The city has grown and developed in line with the worldâs insatiable demand for electronic goods, and is now one of Chinaâs largest cities as well as its wealthiest. Economists coined the phrase "catch-up effect," which argues that poorer economies tend to grow more rapidly ⦠GDP per capita figures are in USD for 2013. Online tool for visualization and analysis. At the same time, the per capita GDP of Tianjin, Foshan, Qingdao and other cities is also close to the threshold of $20,000. GDP per capita PPP in China averaged 6691.84 USD from 1990 until 2019, reaching an all time high of 16116.70 USD in 2019 and a record low of 1423.70 USD in 1990. âChina has a population of 1.4 billion with per capita GDP above US$10,000, and China is the worldâs largest and most promising consumer market with huge room for future growth,â Xi said. Hong Kong Dongguan Shenzhen Huizhou Guangzhou Zhuhai Jiangmen Zhongshan Foshan Zhaoqing Macao Core Cities Key Node Cities. Country . Most Recent Value. GDP per capital is $7,161 in 2004, ranks 1st among all mainland China cities. GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. Meanwhile, Shenzhen's 2018 gross domestic product, announced earlier in February, rose 7.6 per cent to Rmb2.42tn while Hong Kong's came to HK$2.85tn. The government recently announced its intention to double the cityâs GDP and GDP per capita in 15 years, according to a proposal on the cityâs 14th Five-Year Plan to guide its economic and social development over the coming five years and the blueprint for a long-term strategy that outlines its vision for 2035. The per capita GDP of 14 cities in China reached $20,000 in 2019, with Shenzhen, Wuxi and Suzhou taking the top three spots, according to 21st Century Business Herald. Per capita GDP is an important indicator of a region's economic wellbeing. Most Recent Value. However, per capita GDP in Hong Kong in 2018 was HK$381,870, equal to around 322,000 yuan according to the annual average exchange rate, and remains above Shenzhen's 200,000 yuan. (Year 2005) Shenzhen GDP 1980 â 2000 (RMB) Shenzhen Export Value 1980 â 2000. Per capita GDP is an important indicator of a region's economic wellbeing. More importantly, Shenzhenâs GDP per capita now exceeds $30,000, even at the nominal level, which is at par with South Korea and Spain. Area 1 107 km 2; Population 7 482 500; Gross domestic product (GDP) HK$2,839.0 billion; GDP per capita HK$381,000 ; Details. During these 40 years, Shenzhen's GDP grew at an annual rate of 20.7 percent on average, with its GDP per capita reaching $30,000, according to Mayor Chen Rugui. This page provides - China GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news. https://www.msn.com/en-xl/money/other/china-s-tech-megacity- Shenzhen's GDP per capita stands No.1 among cities across mainland China. Today Shenzhen is universally held ⦠Guangzhouâs per capita consumption was CNY41,999 last year, not far below Beijing and Shenzhen. Any visit to Shenzhen must spare a day to visit the Huaqiang district and its hundreds of resellers of electronic components. According to the IMF, on a per capita income basis, China ranked 59th by GDP (nominal) and 73rd by GDP (PPP) in 2020. It has the countryâs highest property prices, the highest per capita GDP in China and ranks number eight ⦠Guangzhou-Shenzhen-Hong Kong High Speed Railway in operation (Black Line): 47 mins (GZ to HK) Guangzhou South Station - Qingsheng - Humen(Dongguan) - Guangming City(Shenzhen) - Shenzhen North - Futian - Hong Kong( Kowloon)-----Guangzhou GDP (nominal ) 2019 : 347 billion USD , Population: 15.3059 million , GDP per capita (nominal ) : 22,676 USD Shenzhen GDP (nominal ) ⦠According to this ranking, first tier cities like Beijing, Shanghai and Guangzhou are not even among the top 10 riches cities in China. The country has natural resources with an estimated worth of $23 trillion, 90% of which are coal and rare earth metals. Help us improve this site Help / Feedback. This records an increase from the previous number of 36,505.040 RMB for Dec 2011. Most Recent Year. GDP per capita in China averaged 1872.51 USD from 1960 until 2019, reaching an all time high of 8254.30 USD in 2019 and a record low of 132.10 USD in 1962. GDP Per Capita in China, Guangdong, Pearl River Delta and the City of Shenzhen 1980-2006 Year China Guangdong Pearl River Delta City of Shenzhen 1980 (RMB) 463 481 500 835 Yet, already half a decade ago, GDP per capita in Nanshan, a district of Shenzhen, rose to $49,000, the highest for any district in China, overtaking Hong Kong, and catching up with Singapore. Most Recent Year. The current price to GDP per capita ratio of Singapore is 24%, which we consider as a comfortable level. Hong Kong. Selected Countries and Economies. The friendliness of business environment and the PCT application number both ranked first around the country. Chinaâs Disposable Income per Capita: Shenzhen data was reported at 40,741.880 RMB in Dec 2012. Between 1979 and 2017, Shenzhenâs disposable income per capita and GDP grew at an annual rate of 10.9 per cent and 22.4 per cent, respectively. Chinaâs Disposable Income per Capita: Shenzhen data is updated yearly, averaging 24,411.905 RMB from Dec 1993 to 2012, with 20 observations. Shenzhen ranked first among Chinese cities in terms of per capita gross domestic product (GDP) last year at 203,489 yuan (US$31,000), based on ⦠Country. Import/export volume in 2004 reaches $147.3 billion. This page provides - China GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news. The former British colony, home to 7.4 million people, reported per-capita GDP of $46,000 in 2017, among the highest in the world. Industry developments in Shenzhen. What accounts for such an âeconomic miracleâ? The city is undergoing high-quality development, with its GDP per capita reaching 30,000 U.S. dollars, Chen told a press conference in Beijing. The data reached an all-time high of 40,741.880 RMB in 2012 and ⦠Shenzhen, the first city in China to record per capita GDP hitting $10,000 in 2007, took only six years to double the number to $22,112 in 2013, and retained its crown in 2019 with highest per capita GDP at $29,498. Meanwhile, Shenzhenâs GDP per capita has skyrocketed from US$200 to US$30,000 in the past four decades, ranking first among mainland cities and approaching the level of South Korea, according to the World Bank. Foreign investment paid-in total of $2.35 billion in2004. The export value has topped the list of cities in mainland China. GDP per capita ratio as a key indicator, we have attempted to predict citiesâ residential price upside potential, assuming zero inflation. Area 33 km 2; Population 667 400; Gross domestic product (GDP) MOP 440.1 billion; GDP per capita MOP ⦠All Countries and Economies. DataBank. Macao. âThe rise in Shenzhen ⦠Hong Kongâs per capita GDP came in at just under $44,000 in 2016, compared with about $25,000 in Shenzhen, Hong Kong Trade Development Council data show. IBRD; ⦠CSV XML EXCEL. The 15 cities with per capita GDP exceeding $20,000 are Shenzhen, Dongying, Ordos, Wuxi, Suzhou, Zhuhai, Guangzhou, Nanjing, Changzhou, Hangzhou, Beijing, Changsha, Wuhan, Shanghai and Ningbo, with a total population of over 145 million. In 2019, the city's GDP was nearly 2.7 trillion yuan (about 396.9 billion U.S. dollars). Caution though, the visa policies can vary very fast, as we learned it the hard way by being rejected on our very first attempt to enter the area. Already, Shenzhen's GDP has surpassed Singapore.