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Sichuan GDP Overtops RMB 4.66 trillion in 2019

  On January 21, Sichuan Provincial Bureau of Statistics held a press conference and released the main data on Sichuan's economic and social development in 2019. In 2019, Sichuan's GDP reached RMB 4,661.582 billion, up 7.5% year-on-year at comparable prices, 1.4 percentage points higher than the national average, as per preliminary accounting.

  "In 2019, Sichuan's total economic volume increased more than before, exceeding RMB 4.66 trillion, laying a solid foundation for reaching the level of RMB 5 trillion at a faster pace," said Zeng Junlin, Chief Economist and Spokesman of Sichuan Provincial Bureau of Statistics. Data show that in 2007, Sichuan's total economic volume reached RMB trillion level for the first time. In 2011, 2015 and 2018, Sichuan's total economic volume broke through RMB 2 trillion, RMB 3 trillion and RMB 4 trillion respectively.

  On the whole, Sichuan firmly responded to various risks and challenges in 2019, withstood the downward pressure of the economy, and the entire province's economy was running steadily.

  From the perspective of the three industries, agricultural production was generally stable, industrial production was stable and service industry grew rapidly. Among them, Sichuan's grain output was 34.985 million tons, up 0.1% year on year. Affected by the epidemic situation, 48.526 million live pigs were supplied in the year, down 26.9% year on year. However, the supply of poultry, cattle and sheep increased by 19.2%, 5.6% and 2.3% respectively. The added value of industrial enterprises above designated size in Sichuan increased by 8% year on year, 2.3 percentage points higher than the national average, and the sales rate of industrial enterprises above designated size was 98.5%. In the whole year, the added value of the tertiary industry increased by 8.5% over the previous year, an increase of 1.6 percentage points over the national average.

  Investment, consumption, imports and exports all maintained steady growth. In the whole year, fixed asset investment in the whole society increased by 10.2% year on year, of which, industrial investment increased 7.6% and real estate development investment increased 15.4% year on year. The total retail sales of social consumer goods in the whole year reached RMB 2,014.43 billion, up 10.4% year-on-year, 2.4 percentage points higher than the national average. In the whole year, the total import and export volume of foreign trade reached RMB 676.59 billion, up 13.8% over the previous year.

 
 
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