2013 Economic Profile for Nanning

Date:2014-12-11

In 2013, faced with the severe and complicated economic situation, Nanning City insisted on the general principle of making progress in stability and focused on enhancing the quality and benefit of the economic growth to promote the development and restructuring; as a result a good momentum of progress in stability was presented in its economic development. The major economic indicators including GDP, fiscal income, industrial production, fixed asset investment, and the total retail sales of social consumer goods all saw a two digit growth.

In 2013, the general economic operation maintained stable. Based on a preliminary accounting, the GDP of Nanning in 2013 was 280.354 billion yuan, and calculated at comparable prices, the rise was 10.3% on a year-on-year basis, 2.6 percentage points higher than that of China and 0.1 percentage points higher than that of Guangxi in the growth rate. Of the total GDP, the added value of the primary industry was 34.993 billion yuan, up by 4.8%, that of the secondary industry was 111.089 billion yuan, up by 14.6%, that of the tertiary industry was 134.273 billion yuan, up by 8.1%, and the proportion of the three industries in the economy was changed from 12.90 : 38.38 : 48.72 last year to 12.48 : 39.62 : 47.90 this year, thus further optimizing the economic structure of Nanning.

In 2013, the fiscal revenue and expenditure, and the loan and deposit balance of Nanning kept a fast increase; agricultural production kept a stable increase with a continuous production increase of the main agricultural products; industrial production grew quickly; and the fixed asset investment grew very fast. According to the statistics, the fiscal revenue of Nanning reached 47.366 billion yuan, up by 12.24%; the deposit balance of the financial institutions of Nanning was 648.352, up by 15.22%; the loan balance was 611.588 billin yuan, up by 11.17%; the total output value of farming, forestry, animal husbandry, and fishery of Nanning was 57.815 billion yuan, up by 4.91%, the industrial output value by 968 industrial enterprises above the designated scale was 255.475 billion yuan, up by 20.63%; and the amount of fixed assets investment was 247.501 billion yuan, up by 23.40%.

According to the Statistics Bureau of Nanning, in 2013 Nanning’s consumption market grew fast, and the total retail sales of social consumer goods was 145.084 billion yuan, up by 14.01%. Of the total, the total retail sales of consumer goods in the urban area was 136.545 billion yuan, up by 13.92%, and the total retail sales of consumer goods in the rural area was 8.538 billion yuan, up by 15.39%. The total retail sales of traditional Chinese and western medicines, gold and silver and jewelry, cereals and edible oils and foodstuffs, furniture, cosmetics, oil and products, and automobiles totaled 46.065 billion yuan, up by 25.2% on a year-on-year basis, pushing up the retail sales of consumer goods above the limited amount by 17.4 percentage points.

In addition, the total value of imports and exports of Nanning in 2013 was 4.421 billion USD, up by 6.60%. Of the total, the import covered 2.068 billion USD, up by 26.91%, and the export, 2.353 billion USD, down by 6.54%.

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