Gross domestic product (GDP) refers to the final results of production activities of all resident units of a country (or region) in a certain period of time calculated at market prices. It is often recognized as the best indicator to measure the state of the country's economy. GDP is an important comprehensive statistical indicator in the accounting system and a core indicator in China's new national economic accounting system. It reflects the economic strength and market size of a country (or region).
GDP
In the early 1980s, China began to study the gross domestic product (GDP) indicators of the United Nations National Economic System. China began to establish a GDP accounting system in 1985. In 1993, China officially canceled national income accounting, and GDP became the core indicator of national economic accounting. [4]
That is, the value form, income form and product form. In terms of value form, it is all goods and services produced by all resident units in a certain period of time.
The preliminary calculation of quarterly GDP is generally completed within 15 days after the quarter; the preliminary verification of quarterly GDP is completed within 45 days after the release of the annual preliminary verification of GDP; the final verification of quarterly GDP is completed within 45 days after the release of the final verification of annual GDP. For the release of main statistical indicators, the National Bureau of Statistics will state the release date in the "Economic Statistics Information Release Schedule" released at the beginning of the year, and GDP data will be released on the prescribed schedule. [11]
The development of economic operation is progressing steadily, structural adjustment is being advanced in depth, emerging momentum is accelerating, some major indicators have shown positive changes, and the national economy is off to a good start.
1. The situation of agricultural production is stable;
2. Industrial production slows down and stabilizes;
3. The growth rate of investment in fixed assets has steadily increased;
4. Steady growth in market sales;
5. The total value of imports and exports has decreased;
6. Consumer prices rose moderately;
7. The income of residents has grown steadily;
8. The pace of structural adjustment has accelerated. However, China is at a critical stage of transformation and upgrading, and kinetic energy conversion. The pain of structural adjustment continues, and the downward pressure cannot be ignored. [7]
years
GDP (100 million yuan)
Primary industry (100 million yuan)
Secondary industry (100 million yuan)
Tertiary industry (100 million yuan)
GDP per capita (yuan)
2016
744127 [13]
The data comes from 2017 statistics of the International Monetary Fund [29] .
