Yesterday, Yuexiu District announced
A brief analysis of the economic operation in the first quarter of 2024
Since the year
Yuexiu District earnestly implemented
The specific deployment of the "1310" of the Provincial Party Committee and the "1312" ideas and measures of the Municipal Party Committee
Persist in seeking progress while maintaining stability, promoting stability with progress,
Establish first and then break the general tone of the work
In the first quarter, economic activities in the region tended to be active
Market expectations have improved significantly, and the economy has achieved a stable start
Achievement of key indicators
- The gross domestic product (GDP) was 102.236 billion yuan, a year-on-year increase of 3.8%.
- The total retail sales of consumer goods were 40.348 billion yuan.
- Investment in fixed assets increased by 15.3% year-on-year.
- Domestic tax revenue (including tariffs) was 10.229 billion yuan, a year-on-year increase of 7.5%.
- The general public budget revenue was 1.500 billion yuan, a year-on-year increase of 29.6%.
The economic operation of the whole region is stable
According to the results of the unified accounting of Guangzhou's GDP, Yuexiu District achieved a GDP of 102.236 billion yuan in the first quarter of 2024, a year-on-year increase of 3.8%. Among them, the added value of the secondary industry was 2.554 billion yuan, a year-on-year increase of 15.9 percent, and the added value of the tertiary industry was 99.683 billion yuan, a year-on-year increase of 3.5 percent.
GDP growth rate of Yuexiu District since 2023 (%)
Industrial production is stable and improving
In the first quarter of 2024, the added value of industrial enterprises above designated size in Yuexiu District increased by 12.8% year-on-year, an increase of 10.1 percentage points over the same period of the previous year. Among them, the added value of the manufacturing industry increased by 43.9 percent year-on-year, and the added value of the production and supply of electricity, heat, gas and water increased by 6.3 percent year-on-year.
The for-profit service sector is growing well
From January to February this year (staggered monthly data), the operating income of the for-profit service industry above designated size in Yuexiu District increased by 9.0% year-on-year, a significant increase of 14.1 percentage points over the same period last year. Among them, leasing and business services (15.6%), residential services (8.1%), Internet and related services (0.4%), and software and information technology services (6.6%) increased by 23.7, 22.9, 14.7 and 6.0 percentage points respectively over the same period of last year.
In the first quarter of 2024, Yuexiu District achieved a total retail sales of consumer goods of 40.348 billion yuan. Driven by the "holiday economy" before and after the Spring Festival, residents' demand for travel and reunion was released, and the retail sales of petroleum and petroleum products and beverages increased by 13.4% and 11.5% year-on-year respectively, in addition, the retail sales of new energy vehicles increased by 86.6% year-on-year. Online consumption continued to be active, and the online retail sales of physical goods in the wholesale and retail trade continued to grow by 8.0% year-on-year on the basis of maintaining double-digit growth for many consecutive years.
Investment in fixed assets maintained a relatively rapid growth
In the first quarter of 2024, the investment in fixed assets in Yuexiu District increased by 15.3% year-on-year, an increase of 10.0 percentage points over the same period of the previous year. Among them, capital construction and renovation increased by 34.2% year-on-year, and real estate development decreased by 12.2% year-on-year.
Source: Yuexiu District Bureau of Statistics, Guangzhou Daily Photography: Zhong YongEditor: Wu Lesi Proofreader: Jiang Jintong Editor: Liu Siming Editor: Zhan Pingping