Shenzhen’s GDP in 2023 is 3,460.6 billion yuan

According to the unified accounting results of the regional GDP of Guangdong Province, the regional GDP of Shenzhen in 2023 will be 3,460.64 billion yuan, an increase of 6.0%. Among them, the added value of the primary industry was 2.471 billion yuan, up 2.6% year-on-year; The added value of the secondary industry was 130,1.532 billion yuan, up by 6.5% year-on-year; The added value of the tertiary industry was 2,156.638 billion yuan, up 5.6% year on year. In the first three quarters of 2023, the gross regional product of Shenzhen was 2446.825 billion yuan, an increase of 5.4%.

In 2023, the added value of industrial enterprises above designated size in Shenzhen increased by 6.2% year-on-year, 0.7 percentage points faster than that in January-November. In terms of industry categories, the added value of mining, manufacturing, electricity, heat, gas and water production and supply industries increased by 4.4%, 5.6% and 19.2%, respectively. Among the major industry categories, the value added of the above-designated automobile manufacturing industry increased by 47.3%, the value added of the metal products industry increased by 23.2%, and the power and heat production and supply industry increased by 14.7%. The output of major high-tech products continued to grow rapidly, among which the output of new energy vehicles and service robots increased by 104.2% and 36.0%, respectively.

In 2023, fixed asset investment in Shenzhen increased by 11.0% year on year. By industry, investment in the secondary industry grew by 43.1 percent and that in the tertiary industry by 3.7 percent. Among them, industrial investment growth was strong, up 43.0%. In terms of sectors, manufacturing investment played a significant role in driving growth, up by 53.8%; Investment in real estate development increased by 10.6%. Investment in high-tech industries was brisk, with investment in high-tech manufacturing growing by 64.0%, of which investment in electronic and communication equipment manufacturing increased by 70.6%. Investment in the social sector grew rapidly, among which the investment in culture, sports and entertainment increased by 29.4 percent, and the investment in public administration, social security and social organizations increased by 27.1 percent.

In 2023, the total retail sales of social consumer goods in Shenzhen exceeded one trillion yuan for the first time, reaching 1,048.619 billion yuan, an increase of 7.8%. By consumption type, retail sales of goods increased by 7.0%; Food and beverage revenue rose 15.2 percent. The sales of basic living commodities were good, among which the retail sales of grain, oil and food of units above the quota increased by 13.3%. Consumer upgrading goods maintained rapid growth, among which, the retail sales of communication equipment, household appliances and audio and video equipment of units above designated size increased by 19.4% and 13.6% respectively. Online retail continued to grow rapidly, and the retail sales of goods achieved by units above designated size through the Internet increased by 26.1%.

In 2023, Shenzhen’s total import and export volume reached 3,871.70 billion yuan, an increase of 5.9% year-on-year. Of this total, exports were 2,455.208 billion yuan, up by 12.5%; Imports were 1.415.862 trillion yuan, down by 4.0%. Among them, the import and export of general trade increased by 14.4%, accounting for 53.6% of the total import and export, an increase of 4.0 percentage points over the previous year.