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Xiamen prospers in 2023

chinadaily.com.cn| Updated: March 21, 2024 L M S

The gross domestic product or GDP of the port city of Xiamen – located in East China's Fujian province – hit 806.65 billion yuan ($112.07 billion) in 2023, up 3.1 percent year-on-year.

The added value of industrial enterprises above a designated size – those whose main annual revenue is 20 million yuan or above – remained unchanged from the previous year. The city's large-scale industrial enterprises achieved total profits of 45.26 billion yuan.

Last year, Xiamen's retail sales grew 2.9 percent year-on-year, reaching 274.33 billion yuan. 

At the same time, fixed assets investment gained by 0.5 percent year-on-year.

Throughout the period, a total of 152 exhibitions and events were held, marking a whopping 34.5 percent increase on the previous year. The total exhibition area reached 2.26 million square meters, reflecting growth of 68.2 percent.

As for foreign trade, the total value of imports and exports in 2023 increased to 947.04 billion yuan, up 1.4 percent year-on-year.

Last year, trade with BRICS nations and countries involved in the Belt and Road Initiative came in at 460.79 billion yuan and 109.25 billion yuan, respectively, increasing 14.4 percent and 1.4 percent.

Xiamen's cross-border e-commerce imports and exports were worth 23.67 billion yuan, representing a significant 65 percent rise – with the cutting-edge lithium batteries, electric passenger vehicles and solar cells sectors generating a combined 45.49 billion yuan, a 1.7-fold increase.

The city's total imports were worth 499.6 billion yuan, a 9.4 percent increase.

During the same period, Xiamen's per capita disposable income reached 71,062 yuan, up 4.5 percent year-on-year. Urban per capita disposable income and rural per capita disposable income hit 72,880 yuan and 34,206 yuan, respectively, year-on-year increases of 3.4 percent and 5.8 percent.

Moreover, overall employment was stable in 2023, with 164,700 new jobs created in urban areas.

Updated on March 21, 2024.

Why Xiamen

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