In 2023, the gross domestic product (GDP) at current prices of the city of Shenzhen in China reached nearly 3.5 trillion yuan. Shenzhen has become one of the most economically active Chinese cities. Benefiting from the opening and reforming policies, the city has witnessed great economic development, which is also reflected by its GDP growth.

GDP: Guangdong: Shenzhen data was reported at 3,680.187 RMB bn in 2024. This records an increase from the previous number of 3,490.327 RMB bn for 2023. GDP: Guangdong: Shenzhen data is updated yearly, averaging 277.009 RMB bn from Dec 1979 (Median) to 2024, with 46 observations. The data reached an all-time high of 3,680.187 RMB bn in 2024 and a record low of 0.196 RMB bn in 1979. GDP: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City.

In 2023, the gross domestic product (GDP) of Shenzhen city in China increased by 6.0 percent compared to the previous year. Located next to Hong Kong, Shenzhen ranked first for GDP in the Guangdong-Hong Kong-Macao Greater Bay Area. The GDP growth of Shenzhen slowed down continuously in the past years.

GDP: per Capita: Guangdong: Shenzhen data was reported at 195,230.173 RMB in 2023. This records an increase from the previous number of 183,801.000 RMB for 2022. GDP: per Capita: Guangdong: Shenzhen data is updated yearly, averaging 35,390.000 RMB from Dec 1979 (Median) to 2023, with 45 observations. The data reached an all-time high of 195,230.173 RMB in 2023 and a record low of 606.000 RMB in 1979. GDP: per Capita: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: per Capita.

In 2023, the total gross domestic product (GDP) of the Guangdong - Hong Kong - Macao Greater Bay Area amounted to almost two trillion U.S. dollars. That year, the GDP of the city of Shenzhen alone amounted to around 489 billion U.S. dollars, ranking first among cities in the Greater Bay Area. The Greater Bay Area in China The Guangdong - Hong Kong - Macao Greater Bay Area is an economic zone comprised of the two special administrative regions Hong Kong and Macao and nine cities of Guangdong province in mainland China, namely Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. The concept of the Greater Bay Area has been formulated by the Chinese government to further integrate Macao and Hong Kong into the Chinese mainland and to boost the economy of the cities in the Pearl River Delta. In the 1980s and 1990s, the Pearl River Delta had been one of the prime regions for economic development, but in recent years it has lost ground to the Yangtze River Delta in East China, the largest of the economic macro-regions in China. A development plan for the Greater Bay Area, which was initiated in 2017 and further elaborated thereafter, aims at developing the region into the world's largest and economically most successful Bay Area. GDP development in the Greater Bay Area In 2022, the GDP of the Greater Bay Area cities was still affected by the coronavirus pandemic and decreased slightly in U.S. dollar terms compared to the previous year. However, the development was uneven, with some of the cities on the mainland experiencing strong economic growth, while GDP growth in Hong Kong and Macau still suffered significantly from the pandemic. In 2023, per capita GDP in the Greater Bay Area ranged at about 22,867 U.S. dollars, which was one of the highest values in China. However, per capita GDP in Hong Kong and Macao is still considerably higher then in the neighboring cities on the mainland.

In 2023, the per capita gross domestic product (GDP) of Shenzhen city in China amounted to around ***** thousand yuan, up from ***** thousand yuan in the previous year. Shenzhen is home to some of the Chinese tech giants such as Huawei, DJI and Tencent.

GDP: Tertiary Industry: Guangdong: Shenzhen data was reported at 2,286.622 RMB bn in 2024. This records an increase from the previous number of 2,156.638 RMB bn for 2023. GDP: Tertiary Industry: Guangdong: Shenzhen data is updated yearly, averaging 137.554 RMB bn from Dec 1979 (Median) to 2024, with 46 observations. The data reached an all-time high of 2,286.622 RMB bn in 2024 and a record low of 0.083 RMB bn in 1979. GDP: Tertiary Industry: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Tertiary Industry.

In 2023, the service sector contributed around 62.3 percent to the gross domestic product (GDP) of the city of Shenzhen in China, whereas 0.1 percent of the economic value originated from agriculture and 37.6 percent from industry. Shenzhen was one of the first Special Economic Zones to be established by Deng Xiaoping. Today, it is home of some Chinese tech giants such as Huawei, DJI and Tencent.

GDP: Primary Industry: Guangdong: Shenzhen data was reported at 2.637 RMB bn in 2024. This records an increase from the previous number of 2.471 RMB bn for 2023. GDP: Primary Industry: Guangdong: Shenzhen data is updated yearly, averaging 0.818 RMB bn from Dec 1979 (Median) to 2024, with 46 observations. The data reached an all-time high of 2.637 RMB bn in 2024 and a record low of 0.073 RMB bn in 1979. GDP: Primary Industry: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Primary Industry.

GDP: Secondary Industry: Guangdong: Shenzhen data was reported at 1,390.928 RMB bn in 2024. This records an increase from the previous number of 1,301.532 RMB bn for 2023. GDP: Secondary Industry: Guangdong: Shenzhen data is updated yearly, averaging 137.820 RMB bn from Dec 1979 (Median) to 2024, with 46 observations. The data reached an all-time high of 1,390.928 RMB bn in 2024 and a record low of 0.040 RMB bn in 1979. GDP: Secondary Industry: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Secondary Industry.

In 2023, the IT sector of the city of Shenzhen in China contributed about 420 billion yuan to the city's total gross domestic product (GDP). Other important economic sectors in Shenzhen were the manufacturing industry and financial intermediation. The total GDP of Shenzhen amounted to approximately 3.46 trillion yuan in 2023.

GDP: by Expenditure: Gross Capital Formation: Guangdong: Shenzhen data was reported at 780.709 RMB bn in 2017. This records an increase from the previous number of 631.746 RMB bn for 2016. GDP: by Expenditure: Gross Capital Formation: Guangdong: Shenzhen data is updated yearly, averaging 469.577 RMB bn from Dec 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 780.709 RMB bn in 2017 and a record low of 289.810 RMB bn in 2010. GDP: by Expenditure: Gross Capital Formation: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AEZ: Gross Domestic Product: Prefecture Level City: Expenditure: Gross Capital Formation.

In 2023, the IT sector of the city of Shenzhen in China contributed about 12 percent to the city's total GDP. Other important economic sectors in Shenzhen were the manufacturing industry and financial intermediation. Over recent years, the growth of value added by the IT industry in Shenzhen has displayed the highest growth rates of economic sectors in the city.

In 2023, the average per capita gross domestic product (GDP) in the Guangdong - Hong Kong - Macao Greater Bay Area ranged at ****** U.S. dollars. Per capita gross domestic product in Macao amounted to around ****** U.S. dollars in that year, ranking first among cities in the Greater Bay Area. The Greater Bay Area in China The political concept of the Guangdong - Hong Kong - Macao Greater Bay Area was introduced to the public in 2017 and further implemented by jointly signed agreements in the following years. It aims at integrating the special administrative regions of Macao and Hong Kong into the Chinese mainland and boosting the economy of all participating cities in the Pearl River Delta. The development plan for the Greater Bay Area is part of a national Chinese initiative to promote several economic city clusters in China. On the Chinese mainland, nine cities are part of the Greater Bay Area region, all of them located in Guangdong province: Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. In the long run, the joint plan intends to develop the region into the world's largest and economically most successful Bay Area. Per capita GDP in the Greater Bay Area In terms of per capita GDP, the more mature economies of Macao and Hong Kong are still ahead of mainland Chinese cities in the Greater Bay Area, although Shenzhen and Guangzhou belong to the most developed cities in the whole of mainland China. However, growth rates on the mainland are considerably higher than in Hong Kong and Macao. This is especially true for Shenzhen, which is famous for its past economic boom and has developed into a bustling high-tech location, home to the well-known computer and internet giants Huawei and Tencent.

CN:(GDP) Gross Domestic ProductIndex: PY=100: Tertiary Industry: Guangdong: Shenzhen data was reported at 104.282 Prev Year=100 in 2024. This records a decrease from the previous number of 105.642 Prev Year=100 for 2023. CN:(GDP) Gross Domestic ProductIndex: PY=100: Tertiary Industry: Guangdong: Shenzhen data is updated yearly, averaging 113.400 Prev Year=100 from Dec 1980 (Median) to 2024, with 45 observations. The data reached an all-time high of 209.500 Prev Year=100 in 1980 and a record low of 99.100 Prev Year=100 in 1986. CN:(GDP) Gross Domestic ProductIndex: PY=100: Tertiary Industry: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Index: Tertiary Industry.

In 2023, Shanghai was the city with the largest GDP in China, reaching a value added of approximately 4.7 trillion yuan. The four Chinese first-tier cites Beijing, Shanghai, Shenzhen, and Guangzhou had by far the strongest economic performance. Development of Chinese cities Rapid urbanization and economic growth have reshaped all Chinese cities since the economic opening up of China. While the first-tier cities have overall benefitted most from this development, the last two decades have seen many second-tier cities catching up. For many years already, growth rates in Qingdao, Hangzhou, Changsha, and Zhengzhou have been higher than in Shanghai or Beijing.This development was driven by lower costs in smaller cities, a specialization of their economies, and political measures to support inland cities and ease the pressure on the largest municipalities. Today, per capita GDP in cities such as Suzhou, Nanjing, and Shenzhen is already higher than in Beijing or Shanghai. Future perspectives Competition between cities will further change China’s urban landscape in the future. Medium-sized cities that can provide an attractive economic environment have the potential to grow their economy at a faster pace, attract immigration, and further increase their relative importance. Cities that are losing their competitive edge, however, like Shenyang, Dalian, and other cities in the northeastern rustbelt, are increasingly confronted by economic stagnation and demographic decline.

CN:(GDP) Gross Domestic ProductIndex: PY=100: TI: Resident Service, Repair and Other Service: Guangdong: Shenzhen data was reported at 102.500 Prev Year=100 in 2022. This records a decrease from the previous number of 108.100 Prev Year=100 for 2021. CN:(GDP) Gross Domestic ProductIndex: PY=100: TI: Resident Service, Repair and Other Service: Guangdong: Shenzhen data is updated yearly, averaging 107.650 Prev Year=100 from Dec 2005 (Median) to 2022, with 18 observations. The data reached an all-time high of 131.100 Prev Year=100 in 2008 and a record low of 90.700 Prev Year=100 in 2017. CN:(GDP) Gross Domestic ProductIndex: PY=100: TI: Resident Service, Repair and Other Service: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Index: TI: Resident Service, Repair and Other Service.

GDP: Year to Date: Tertiary Industry: Guangdong: Shenzhen data was reported at 599.419 RMB bn in Mar 2025. This records a decrease from the previous number of 2,286.622 RMB bn for Dec 2024. GDP: Year to Date: Tertiary Industry: Guangdong: Shenzhen data is updated quarterly, averaging 607.398 RMB bn from Dec 2000 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 2,286.622 RMB bn in Dec 2024 and a record low of 108.008 RMB bn in Mar 2010. GDP: Year to Date: Tertiary Industry: Guangdong: Shenzhen data remains active status in CEIC and is reported by Shenzhen Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AE: Gross Domestic Product: Prefecture Level City: Tertiary Industry: Quarterly.

In 2021, the highest gross domestic product (GDP) growth rate of major cities in China had been reached in Wuhan, ranging at around **** percent per anno. This high figure was related to a rebound of Wuhan's economy stricken by COVID-19 in the previous year. GDP in Shenzhen grew by only *** percent, less than the average of major Chinese cities that year.

In 2023, the real value added by the construction sector to the gross regional product of the city of Shenzhen in China grew by around **** percent and amounted to approximately *** billion yuan. Sectors such as culture, sports and entertainment, as well as hospitality and catering services, also experienced a nearly ten percent year-on-year increase in GDP, rebounding from the downturn caused by the coronavirus pandemic