In 2024, the gross domestic product (GDP) of Shanghai municipality in China amounted to approximately 5.39 trillion yuan. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river. Development of GDP in Shanghai The GDP of Shanghai has previously grown at a high pace, but economic development has gradually lost momentum over the years. GDP growth in Shanghai, which developed very close to national figures in recent years, ranged at 5.0 percent in 2024. From a sectoral point of view, the tertiary sector of the economy displayed the highest growth rates in most of the past years and services already account for more than 75 percent of the value added to the GDP. In contrast, the share of the industrial sector, which had once been of great importance to Shanghai, has been shrinking in most of the years. Branches in the service sector of the economy that experienced the fastest development were financial intermediation and information industries. Per capita GDP in Shanghai Set in relation to the population size of the city, the economic success of its inhabitants becomes apparent. Per capita GDP of Shanghai citizens exceeded 20,000 U.S. dollars on average for the first time in 2019, which is in the global middle field and well above the average in East Asia. However, when comparing it to other cities or regions, it has to be taken into account that the administrative area of Shanghai municipality is quite large and includes distant suburbs as well as villages on agrarian land. For this reason, Shanghai’s per capita GDP is quite high and only second to Beijing when it is compared on a provincial level in mainland China. However, when compared on a city level, with other Chinese cities often having smaller administrative areas not including distant suburbs, Shanghai’s per capita GDP ranks only within the leading 10 cities.

In 2024, the real gross domestic product (GDP) of Shanghai municipality in China increased by around 5.0 percent from the previous year. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river. Development of GDP growth in Shanghai As a bridgehead to global markets and a forerunner in market opening, Shanghai experienced a decades long economic boom, which massively changed the shape of the city. Economic growth rates had double digits for more than two decades since 1992 and were well above the Chinese national average. This changed fundamentally with the global financial crisis. In 2008, the growth rate fell below ten percent and gradually declined thereafter. Growth rates now got closer to the national average of GDP growth. While the economic development in Shanghai has already reached a high level, other regions in China are catching up, and growth rates in many inland regions of China are now higher than in Shanghai. This is especially true on a city level, with many lower-tier cities experiencing higher growth rates than Shanghai. Sector distribution of GDP growth Upon closer examination of the distribution of GDP across economic sectors, it becomes obvious that the service sector of the economy exhibited the highest growth rates in most of the recent years. In 2024, services already accounted for more than 78 percent of the value added to the GDP, which is far above the national average. In contrast, the industrial sector, which had once been of great importance to Shanghai's economy, is losing momentum and its share in total economic output is shrinking constantly. Financial intermediation and information industries were branches in the service sector that displayed the fastest growth rates in recent years.

Gross Domestic Product (GDP): Year to Date: Shanghai data was reported at 5,392.671 RMB bn in Dec 2024. This records an increase from the previous number of 3,438.918 RMB bn for Sep 2024. Gross Domestic Product (GDP): Year to Date: Shanghai data is updated quarterly, averaging 915.402 RMB bn from Dec 1992 (Median) to Dec 2024, with 108 observations. The data reached an all-time high of 5,392.671 RMB bn in Dec 2024 and a record low of 89.449 RMB bn in Mar 2000. Gross Domestic Product (GDP): Year to Date: Shanghai data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: by Province: Quarterly.

The per capita GDP contribution of Shanghai amounted to around 190,300 yuan in 2023, up from 180,500 yuan in the previous year. Shanghai is one of the largest cities in China. In terms of GDP, it was also the Chinese city with the largest GDP contribution, followed by Beijing and Shenzhen.

Shanghai's economic development

Shanghai’s GDP growth rate ranged at 5.0 percent in 2023, slightly below the level of Chinese national GDP growth. As the leading city in the Yangtze River Delta Economic Zone, Shanghai is one of the most active cities for business and trade in China. While the share of the industrial sector in Shanghai’s GDP continues to shrink, the city’s economy is becoming increasingly reliant on the service sector. In 2013, the first free-trade zone in Mainland China was launched in Shanghai, making Shanghai play an essential role in China’s economic reforms. A friendlier investment environment, less tax burdens and a more open financial market for foreign companies were expected to be promoted there.

Living in Shanghai

Shanghai became world famous when it was recognized by the Europeans in the 19th century for its economic potential as an important harbor city. Today, it is still one of the most open and active cities in China. Migration from across China and other countries makes Shanghai a melting pot of different cultures, which can also be found in its diverse catering industry. In terms of housing prices, it’s one of the most expensive cities in China. Still, the colorful life and plentiful opportunities are attracting numerous young people to come to the city for study and work.

GDP: Shanghai: Tertiary Industry data was reported at 4,218.944 RMB bn in 2024. This records an increase from the previous number of 3,550.960 RMB bn for 2023. GDP: Shanghai: Tertiary Industry data is updated yearly, averaging 14.730 RMB bn from Dec 1949 (Median) to 2024, with 76 observations. The data reached an all-time high of 4,218.944 RMB bn in 2024 and a record low of 0.927 RMB bn in 1949. GDP: Shanghai: Tertiary Industry data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Shanghai.

GDP: Shanghai: Tertiary Industry: Real Estate data was reported at 355.520 RMB bn in 2023. This records an increase from the previous number of 354.890 RMB bn for 2022. GDP: Shanghai: Tertiary Industry: Real Estate data is updated yearly, averaging 109.452 RMB bn from Dec 1992 (Median) to 2023, with 32 observations. The data reached an all-time high of 355.580 RMB bn in 2021 and a record low of 2.048 RMB bn in 1992. GDP: Shanghai: Tertiary Industry: Real Estate data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Shanghai.

GDP: Shanghai: Secondary Industry: Construction data was reported at 88.230 RMB bn in 2023. This records an increase from the previous number of 76.210 RMB bn for 2022. GDP: Shanghai: Secondary Industry: Construction data is updated yearly, averaging 1.713 RMB bn from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 88.230 RMB bn in 2023 and a record low of 0.008 RMB bn in 1949. GDP: Shanghai: Secondary Industry: Construction data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Shanghai.

GDP: Shanghai: Pudong New data was reported at 1,671,515.000 RMB mn in 2023. This records an increase from the previous number of 1,601,340.000 RMB mn for 2022. GDP: Shanghai: Pudong New data is updated yearly, averaging 257,936.000 RMB mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 1,671,515.000 RMB mn in 2023 and a record low of 6,024.000 RMB mn in 1990. GDP: Shanghai: Pudong New data remains active status in CEIC and is reported by Shanghai Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AI: Gross Domestic Product: Municipality District.

In 2024, the service sector contributed around 78.2 percent to the gross domestic product (GDP) of Shanghai municipality in China. The share of the tertiary sector increased by around ten percentage points over the last decade.

In 2022, the share of Shanghai's economy in China's total gross domestic product (GDP) amounted to 3.7 percent. Shanghai's share decreased gradually from around 5.0 percent in 2005 to 3.7 percent in 2015, as the economic development in other provinces, especially in the inner parts of China, caught up.

GDP: Shanghai: Jinshan data was reported at 118,958.000 RMB mn in 2023. This records an increase from the previous number of 111,774.000 RMB mn for 2022. GDP: Shanghai: Jinshan data is updated yearly, averaging 65,753.790 RMB mn from Dec 2009 (Median) to 2023, with 15 observations. The data reached an all-time high of 118,958.000 RMB mn in 2023 and a record low of 31,220.000 RMB mn in 2009. GDP: Shanghai: Jinshan data remains active status in CEIC and is reported by Shanghai Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AI: Gross Domestic Product: Municipality District.

GDP: Shanghai: Secondary Industry: Industry data was reported at 1,084.620 RMB bn in 2023. This records an increase from the previous number of 1,073.690 RMB bn for 2022. GDP: Shanghai: Secondary Industry: Industry data is updated yearly, averaging 31.889 RMB bn from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 1,084.620 RMB bn in 2023 and a record low of 0.948 RMB bn in 1949. GDP: Shanghai: Secondary Industry: Industry data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Shanghai.

In 2023, the service sector of the economy in Shanghai municipality in China grew by around 6.0 percent compared to the previous year. The share of the service sector in the gross domestic product (GDP) of Shanghai grew gradually over the last decade and reached around 75.2 percent in 2023.

GDP: Primary Industry: Shanghai data was reported at 9.970 RMB bn in 2024. This records an increase from the previous number of 9.609 RMB bn for 2023. GDP: Primary Industry: Shanghai data is updated yearly, averaging 2.065 RMB bn from Dec 1949 (Median) to 2024, with 76 observations. The data reached an all-time high of 13.196 RMB bn in 2014 and a record low of 0.145 RMB bn in 1949. GDP: Primary Industry: Shanghai data remains active status in CEIC and is reported by Shanghai 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 Index: Shanghai data was reported at 105.000 Prev Year=100 in 2024. This stayed constant from the previous number of 105.000 Prev Year=100 for 2023. GDP Index: Shanghai data is updated yearly, averaging 109.800 Prev Year=100 from Dec 1950 (Median) to 2024, with 75 observations. The data reached an all-time high of 138.500 Prev Year=100 in 1953 and a record low of 63.100 Prev Year=100 in 1961. GDP Index: Shanghai data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.AB: Gross Domestic Product: Index: by Province.

In 2024, the service sector of the economy in Shanghai municipality in China grew by around 5.7 percent compared to the previous year. The share of the service sector in the gross domestic product (GDP) of Shanghai grew gradually over the last decade and reached around 78.2 percent in 2024.

The Gross Domestic Product per capita in China was last recorded at 22137.60 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in China, when adjusted by Purchasing Power Parity is equivalent to 125 percent of the world's average. This dataset provides - China GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP: Secondary Industry: Shanghai: Chongming data was reported at 9,882.000 RMB mn in 2023. This records an increase from the previous number of 9,615.000 RMB mn for 2022. GDP: Secondary Industry: Shanghai: Chongming data is updated yearly, averaging 10,782.660 RMB mn from Dec 2006 (Median) to 2023, with 18 observations. The data reached an all-time high of 14,000.000 RMB mn in 2018 and a record low of 5,137.380 RMB mn in 2006. GDP: Secondary Industry: Shanghai: Chongming data remains active status in CEIC and is reported by Shanghai Municipal Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AI: Gross Domestic Product: Secondary Industry: Municipality District.

In 2023, the real gross domestic product (GDP) of Shanghai municipality in China increased by around 5.0 percent from the previous year. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river.

Development of GDP growth in Shanghai

As a bridgehead to global markets and a forerunner in market opening, Shanghai experienced a decades long economic boom, which massively changed the shape of the city. Economic growth rates had double digits for more than two decades since 1992 and were well above the Chinese national average. This changed fundamentally with the global financial crisis. In 2008, the growth rate fell below ten percent and gradually declined thereafter. Growth rates now got closer to the national average of GDP growth. While the economic development in Shanghai has already reached a high level, other regions in China are catching up, and growth rates in many inland regions of China are now higher than in Shanghai. This is especially true on a city level, with many lower-tier cities experiencing higher growth rates than Shanghai.

Sector distribution of GDP growth

Upon closer examination of the distribution of GDP across economic sectors, it becomes obvious that the service sector of the economy exhibited the highest growth rates in most of the recent years. In 2023, services already accounted for more than 75 percent of the value added to the GDP, which is far above the national average. In contrast, the industrial sector, which had once been of great importance to Shanghai's economy, is losing momentum and its share in total economic output is shrinking constantly. Financial intermediation and information industries were branches in the service sector that displayed the fastest growth rates in recent years.

In 2023, the gross domestic product (GDP) of Shanghai municipality in China amounted to approximately 4.72 trillion yuan. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river.

Development of GDP in Shanghai

The GDP of Shanghai has previously grown at a high pace, but economic development has gradually lost momentum over the years. GDP growth in Shanghai, which developed very close to national figures in recent years, ranged at 5.0 percent in 2023. From a sectoral point of view, the tertiary sector of the economy displayed the highest growth rates in most of the past years and services already account for more than 75 percent of the value added to the GDP. In contrast, the share of the industrial sector, which had once been of great importance to Shanghai, has been shrinking in most of the years. Branches in the service sector of the economy that experienced the fastest development were financial intermediation and information industries.

Per capita GDP in Shanghai

Set in relation to the population size of the city, the economic success of its inhabitants becomes apparent. Per capita GDP of Shanghai citizens exceeded 20,000 U.S. dollars on average for the first time in 2019, which is in the global middle field and well above the average in East Asia. However, when comparing it to other cities or regions, it has to be taken into account that the administrative area of Shanghai municipality is quite large and includes distant suburbs as well as villages on agrarian land. For this reason, Shanghai’s per capita GDP is quite high and only second to Beijing when it is compared on a provincial level in mainland China. However, when compared on a city level, with other Chinese cities often having smaller administrative areas not including distant suburbs, Shanghai’s per capita GDP ranks only within the leading 10 cities.