Home>Biz Updates

Ningbo's GDP tops 817b yuan from Jan-Sept

Updated:2019-10-25 (chinadaily.com.cn)

Print Mail Large Medium Small


Ningbo's gross domestic product (GDP) stands at 817.05 billion yuan in the first quarters of this year. [Photo/cnnb.com.cn]

Ningbo's gross domestic product (GDP) totaled 817.05 billion yuan ($121.9 billion) in the first three quarters of this year, the Ningbo Bureau of Statistics said on Oct 22.

The figure represents 6.5 percent growth year-on-year, 0.3 percentage points faster the national average recorded over the same period.

From January to September, the output of the city's primary, secondary and tertiary industries reached 22.03 billion yuan, 410.56 billion yuan and 384.46 billion yuan, representing increases of 2.1 percent, 5.9 percent and 7.4 percent respectively.

Ningbo's economy maintained overall stability in the first three quarters despite the mounting downward pressure and complex global economic landscape, said Xu Tingya, deputy head of the Ningbo Bureau of Statistics.

The city registered an industrial output growth of 5.5 percent during the January-September period, up 0.1 percent from H1.

Retail sales and fixed-asset investment in the city both increased 7.4 percent year-on-year, versus 7.3 percent in H1.

Xu predicted that the city's economy will continue to grow steadily throughout the year, given its expanding innovation capabilities and fast growth in emerging industries.