Economic Overview

Updated: 2019-10-18

Guangxi's economic status in 2019

The region saw good and steady economic development in the first half of the year.

The region's GDP was 890.69 billion yuan, increasing by 5.9 percent year-on-year. Among them, the added value of the primary industry increased by 5.4 percent year-on-year, the added value of the secondary industry increased by 4.7 percent, and the tertiary industry rose by 7.0 percent year-on-year.

I. Steady development in agriculture and animal husbandry

The added value of the agriculture, forestry, animal husbandry, and fishery industries of the region was 92.7 billion yuan, up 5.4 percent year-on-year. The increase was 0.9 percentage points higher than the first quarter of 2019.

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II. Industry

In the first half of the year, the added value of industries above designated size in the region increased by 3.2percent year-on-year.

From the perspective of enterprise types:

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From the perspective of industry categories:

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III. Service industry

In the first half of the year, the added value of the tertiary industry in the region was about 5.9 percentage points higher than the first quarter, and the contribution rate to economic growth was 55.7 percent. Among them, the added value of the financial industry, the accommodation and catering industry, and the transportation, warehousing, and postal services industry increased by 7.3 percent, 5.1 percent, and 5.0 percent respectively.

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