Nansha leads Guangzhou in 4 economic indicators

In the first quarter of 2022, Nansha's growth rate in four economic indicators, namely regional GDP, general public budget revenue, industrial output value above designated size, and total retail sales of social consumer goods, was the highest in Guangzhou.

Nansha's gross domestic product in this period was 48.48 billion yuan ($7.3 billion), a year-on-year increase of 6.5 percent. The added value of its primary industry was 1.09 billion yuan, a year-on-year decrease of 2.4 percent, the added value of its secondary industry was 19.13 billion yuan, a year-on-year increase of 9.2 percent, while the added value of its tertiary industry was 28.25 billion yuan, a year-on-year increase of 5.1 percent.

In terms of other major economic indicators, Nansha's general public budget revenue climbed up by 9.2 percent year on year. Its industrial output value above the designated size increased by 14.2 percent year on year, of which the output value of its automobile manufacturing industry increased by 36.6 percent year on year, accounting for 53.8 percent of Nansha's total industrial output value above the designated size.

The operating profit of Nansha enterprises climbed up by 25.9 percent year on year. The added value of its advanced manufacturing industry increased by 21 percent year on year, accounting for 77 percent of the added value of industrial enterprises above designated size, an increase of 5.4 percentage points over the same period last year.

From January to March, the total retail sales of social consumer goods in the Nansha district climbed up by 26.7 percent year on year, with the total sales of goods in wholesale and retail industries increasing by 17.1 percent year on year.

From January to February, the operating income of the service industry above the designated size in Nansha increased by 18 percent year on year, of which the revenue of its leasing and business services increased by 15.9 percent year on year.

In the first quarter of this year, the added value of Nansha's strategic emerging industries climbed up by 13.7 percent year on year, which was 7.2 percentage points higher than that of the region's GDP.