A few days ago, when reporting on the 2021 economic data of the mainland's Hainan Province, a reporter from Xiaoxiang Morning Post said that "the completed nominal GDP rose to 647.52 billion yuan, an increase of 11.2% year-on-year, ranking second among all provinces in the country", but did not clearly indicate which province was the first.
Now, the answer is finally out!
The nominal GDP of Hubei Province on the mainland will reach 5,001.294 billion yuan in 2021 – stepping onto the 5 trillion yuan step and reaching 5,001.294 billion yuan, achieving a historic leap. Compared with the previous year, the actual increase was 12.9%, taking into account price changes, leading among the provinces.
Of course, this is based on a relatively low base in 2020. At the beginning of 2020, Hubei Province was greatly affected by the new crown epidemic. Even with the positive recovery in production, investment consumption and imports and exports in the following quarters, it still fell by 5% for the whole of 2020.
In contrast, Hainan Province's economy grew by 3.5% in real terms in 2020 and achieved a year-on-year increase of 11.2% in 2021. If you look at the average growth rate of two years or the cumulative growth rate of two years, then Hainan Province is still more prominent, and it is the highest among all provinces in the country.
The highest economic aggregate is still in Guangdong Province
The highest economic growth rate in 2021 is Hubei Province, the highest average growth rate in the past two years is Hainan Province, and the highest economic aggregate is Guangdong Province. The completed nominal GDP reached 12,436.967 billion yuan, an increase of 8.0% year-on-year, equivalent to nearly 1.93 trillion US dollars.
In the first three quarters of 2021, the GDP of Guangdong Province on the mainland has surpassed that of South Korea. The size of the economy for the full year of 2021 has climbed sharply to nearly $1.93 trillion, which is expected to be on par with Canada. The specific results need to wait for the Canadian side to announce.
In second place, Jiangsu Province, with real economic growth of 8.6 percent in 2021, and the completed nominal GDP rose to 116364 billion yuan, more than $1.8 trillion. Not long ago, the International Monetary Fund predicted that South Korea's GDP in 2021 will also be around $1.8 trillion.
In the end, has there been a catch-up? Next, we need to wait quietly for the South Korean authorities to release the final answer. If, as netizens expect, the economic scale of Jiangsu Province on the mainland also exceeds that of South Korea, then in 2021 it will really be "double happiness at the door".
Some other provinces have taken the lead in publishing a brief analysis of GDP
Shandong's economy grew by 8.3% in real terms in 2021, with GDP exceeding 8.3 trillion yuan and expected to reach about 9 trillion yuan in 2022; Zhejiang's economy in 2021 exceeded 7.35 trillion yuan, making it the fourth province on the mainland to break through $1 trillion.
In addition, the GDP of Henan Province in 2021 is about 5,888.741 billion yuan, Sichuan Province is 5,385.079 billion yuan, Hunan Province is 4.5 trillion yuan, Shanghai Municipality is 4.32 trillion yuan, Anhui and Beijing have both exceeded 4 trillion yuan, and Shaanxi Province has reached 2.98 trillion yuan...
The GDP of Jiangxi, Chongqing, Yunnan, Shanxi, Inner Mongolia and other provinces is in the range of 2 trillion yuan, the GDP of Guizhou, Tianjin and Gansu is in the range of 1 trillion yuan, while the GDP of Hainan and Qinghai is still less than 1 trillion yuan. The economic data of some other provinces are still being released. This article is organized and written by [Nansheng], please do not reprint or plagiarize without authorization!