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Data presented as a spreadsheet; Provides GDP growth across all provinces in South Africa since 2014.Linage: The data presented is extracted from Statistics South Africa (Stats SA) Provincial Gross Domestic Product (GDP) trends as published on https://www.statssa.gov.za/Publication Date: 19 September 2024Contact Person: Elize van der Berg, Department of the Premier, Elize.VanDerBerg@westerncape.gov.za
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TwitterRegional gross domestic product (GDP) in China varies tremendously across the country. In 2024, the GDP of Guangdong province amounted to around **** trillion yuan, whereas that of Tibet only reached about ***** billion yuan. While Guangdong has a thriving economy and is densely populated, Tibet is located in a remote mountain area and has a population of only around *** million people. Regional economic differences in China China can generally be divided into four different economic macro-regions: the economically well-developed coastal parts in Eastern China, the less-developed Central and Northeastern China, and the developing region of Western China. This division is reflected in the figures for regional per capita GDP. The coastal parts of China are not only economically more advanced, but also have a considerably higher population density. This is the result of climatic conditions on the one hand and China's firm integration into the global economy on the other. International companies were initially attracted by special economic zones set up in coastal areas during China's market opening, and well-connected, highly developed urban areas of Eastern China are still favored by international businesses. Prospects for future development The Chinese government has long since been aware of the economic disparities in the country and the political unrest they might stir. Major efforts have been made to improve the conditions in less developed regions. The situation in Central and Western China has improved considerably in the last two decades, and rural poverty decreased on a striking scale. In recent years, growth rates in the west of China have even been higher than in coastal areas. However, the constraints of the global economy remain, and it is very likely that Eastern China will stay ahead in international markets in the foreseeable future.
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TwitterIn 2024, the annual real growth of the gross domestic product (GDP) in different regions in China varied from around 6.3 percent in Tibet autonomous region to 2.3 percent in Shanxi province. The average national GDP growth ranged at 5.0 percent in 2024.
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The Sri Lanka Hospitality Market Report is Segmented by Type (Chain Hotels, Independent Hotels), Accommodation Class (Luxury, Mid & Upper-Mid-Scale, and Other), Booking Channel (Direct Digital, Otas, Corporate/MICE, Wholesale & Traditional Agents), and Geography (Colombo & Western Province, Southern Coast, Central & Hill Country, and Other Regions). The Market Forecasts are Provided in Terms of Value (USD).
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TwitterIn 2024, the annual per capita gross domestic product (GDP) in different provinces, municipalities, and autonomous regions in China varied from approximately 228,200 yuan in Beijing municipality to roughly 52,800 yuan in Gansu province. The average national per capita GDP crossed the threshold of 10,000 U.S. dollars in 2019 and reached around 95,700 yuan in 2024. Regional economic differences in China The level of economic development varies considerably in different parts of China. Four major geographic and economic regions can be discerned in the country: The economically advanced coastal regions in the east, less developed regions in Northeast and Central China, and the developing regions in the west. This division has deep historical roots reflecting the geography of each region and their political past and present. Furthermore, regional economic development closely correlates with regional urbanization rates, which closely resembles the borders of the four main economic regions. Private income in different parts of China Breaking the average income figures further down by province, municipality, or autonomous region reveals that the average disposable income in Shanghai or Beijing is on average more than three times higher than in Tibet or Gansu province. In rural areas, average disposable income is often only between one third and one half of that in urban areas of the same region. Accordingly, consumer expenditure per capita in urban areas reaches the highest levels in Shanghai, Beijing, and the coastal regions of China.
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TwitterIn 2024, approximately 127.8 million people lived in Guangdong province in China. That same year, only about 3.7 million people lived in the sparsely populated highlands of Tibet. Regional differences in China China is the world’s most populous country, with an exceptional economic growth momentum. The country can be roughly divided into three regions: Western, Eastern, and Central China. Western China covers the most remote regions from the sea. It also has the highest proportion of minority population and the lowest levels of economic output. Eastern China, on the other hand, enjoys a high level of economic development and international corporations. Central China lags behind in comparison to the booming coastal regions. In order to accelerate the economic development of Western and Central Chinese regions, the PRC government has ramped up several incentive plans such as ‘Rise of Central China’ and ‘China Western Development’. Economic power of different provinces When observed individually, some provinces could stand an international comparison. Jiangxi province, for example, a medium-sized Chinese province, had a population size comparable to Argentina or Spain in 2024. That year, the GDP of Zhejiang, an eastern coastal province, even exceeded the economic output of the Netherlands. In terms of per capita annual income, the municipality of Shanghai reached a level close to that of the Czech Republik. Nevertheless, as shown by the Gini Index, China’s economic spur leaves millions of people in dust. Among the various kinds of economic inequality in China, regional or the so-called coast-inland disparity is one of the most significant. Posing as evidence for the rather large income gap in China, the poorest province Heilongjiang had a per capita income similar to that of Sri Lanka that year.
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TwitterIn 2024, the average annual per capita disposable income of households in China amounted to approximately 41,300 yuan. Annual per capita income in Chinese saw a significant rise over the last decades and is still rising at a high pace. During the last ten years, per capita disposable income roughly doubled in China. Income distribution in China As an emerging economy, China faces a large number of development challenges, one of the most pressing issues being income inequality. The income gap between rural and urban areas has been stirring social unrest in China and poses a serious threat to the dogma of a “harmonious society” proclaimed by the communist party. In contrast to the disposable income of urban households, which reached around 54,200 yuan in 2024, that of rural households only amounted to around 23,100 yuan. Coinciding with the urban-rural income gap, income disparities between coastal and western regions in China have become apparent. As of 2023, households in Shanghai and Beijing displayed the highest average annual income of around 84,800 and 81,900 yuan respectively, followed by Zhejiang province with 63,800 yuan. Gansu, a province located in the West of China, had the lowest average annual per capita household income in China with merely 25,000 yuan. Income inequality in China The Gini coefficient is the most commonly used measure of income inequality. For China, the official Gini coefficient also indicates the astonishing inequality of income distribution in the country. Although the Gini coefficient has dropped from its high in 2008 at 49.1 points, it still ranged at a score of 46.5 points in 2023. The United Nations have set an index value of 40 as a warning level for serious inequality in a society.
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Data presented as a spreadsheet; Provides GDP growth across all provinces in South Africa since 2014.Linage: The data presented is extracted from Statistics South Africa (Stats SA) Provincial Gross Domestic Product (GDP) trends as published on https://www.statssa.gov.za/Publication Date: 19 September 2024Contact Person: Elize van der Berg, Department of the Premier, Elize.VanDerBerg@westerncape.gov.za